$DELL In the past 24 hours, it has risen 6.552%, and the price has moved to 485.62. But at the same time, the funding rate is holding steady at 0, with open positions at 23,000 contracts. As the price pushes upward, the funding rate hasn’t moved with it—this combination is a bit interesting.
The increase hasn’t been built by levered longs piling up. A funding rate of 0 means neither side currently needs to pay the other, and the market hasn’t shown crowded one-sided positioning. This rally may be driven by buying from the spot market, or by shorts closing positions at stop-loss—not by new leveraged long entries. The rally’s leverage foundation is thin.
Next, watch how the funding rate changes.
Trading tag: #TradFi #链上美股 #DELL
Where do you think this assessment is most likely to be wrong?
The increase hasn’t been built by levered longs piling up. A funding rate of 0 means neither side currently needs to pay the other, and the market hasn’t shown crowded one-sided positioning. This rally may be driven by buying from the spot market, or by shorts closing positions at stop-loss—not by new leveraged long entries. The rally’s leverage foundation is thin.
Next, watch how the funding rate changes.
Trading tag: #TradFi #链上美股 #DELL
Where do you think this assessment is most likely to be wrong?