$MVLL 24 hours down 3.67%, price 22.33. Funding rate returns to zero, open interest 261,000. Trump’s tariff policy puts pressure on traditional financial assets, and on-chain US stock futures contracts are under the same strain. The funding rate dropping to zero suggests a temporary balance between long and short, but the price is still falling—this structure is prone to breaking downward. Open interest is not low; if the price continues to slide, it will force stop-loss selling.

I’m planning to start a short position around 22.5, set my stop-loss at 23.1, and target 21.0. Don’t size it too heavily—use 5% of total capital to test the waters.

Trading tag: #TradFi #链上美股 #MVLL

Where do you think this assessment is most likely to be wrong?