$SOFI Over the past 24 hours, it rose 4.86% to 17.91, with the funding rate unchanged at 0, and open interest at 25,525.16. This structure is very clear: the spot price drives the rise, and the long/short forces on the contract side are balanced—there has been no one-sided funding-rate pressure or a buildup of positions.
My view is that the current increase isn’t being pushed by leverage compression; it’s a mild, spot-led rally. If the funding rate stays at 0 and open interest doesn’t increase significantly, it suggests there isn’t much market disagreement—so the uptrend relies more on spot buying than on leveraged short-squeeze pressure.
Trading label: #TradFi #链上美股 #SOFI
Where do you think this assessment is most likely to be wrong?
My view is that the current increase isn’t being pushed by leverage compression; it’s a mild, spot-led rally. If the funding rate stays at 0 and open interest doesn’t increase significantly, it suggests there isn’t much market disagreement—so the uptrend relies more on spot buying than on leveraged short-squeeze pressure.
Trading label: #TradFi #链上美股 #SOFI
Where do you think this assessment is most likely to be wrong?