$META funding rate returns to zero; the price gains 4% within a day, and long/short positions are temporarily balanced. The political risk has been digested pretty cleanly by the market—no one is rushing to run, and no one is making a big push.

Technically, it has moved above the key level of 590, but the funding rate hasn’t moved, which suggests leveraged traders are being cautious. I’ve seen this setup many times: either you suddenly get a bullish catalyst that breaks above 620, or a single line from the policy front gets it smashed back to 560. Trump’s stance on technology regulation lately has been ambiguous—META, as a Mag7 member, is most afraid of him posting a tweet late at night.

Trading tag: #TradFi #链上美股 #META

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