$NET In the past 24 hours, it has fallen 6.548%, but the funding rate for perpetual futures has gone to zero.
This is not a typical short squeeze. A funding rate of 0 means that the long and short forces are temporarily balanced—neither side needs to pay to maintain positions. The additional decline is more likely due to sell pressure in the spot market spilling over into the futures market. Open interest is 883.47, which is relatively stable; there is no sign of large-scale long liquidations or shorts actively adding positions.
The market may be waiting for new data or events, resulting in relatively thin trading.
Trading tag: #TradFi #链上美股 #NET
Where do you think this assessment is most likely to be wrong?
This is not a typical short squeeze. A funding rate of 0 means that the long and short forces are temporarily balanced—neither side needs to pay to maintain positions. The additional decline is more likely due to sell pressure in the spot market spilling over into the futures market. Open interest is 883.47, which is relatively stable; there is no sign of large-scale long liquidations or shorts actively adding positions.
The market may be waiting for new data or events, resulting in relatively thin trading.
Trading tag: #TradFi #链上美股 #NET
Where do you think this assessment is most likely to be wrong?