$BITO in the past 24 hours increased by 4.99%, with a quote of 10.94. The funding rate is stuck at zero, and the open interest is 20,777.40. This structure suggests that the long and short sides are temporarily locked in a stalemate—no one is paying the cost to hold the position.
While the price is rising but the funding rate isn’t moving, it may be spot buying pushing the price, while the derivatives side hasn’t caught up. Open interest hasn’t changed much, and leveraged funds are still waiting.
If the price breaks below 10.90 and the funding rate turns negative, I’ll consider lightly shorting. At this level, I choose to wait and stay put.
Trading tag: #TradFi #链上美股 #BITO
Where do you think this line of judgment is most likely to be wrong?
While the price is rising but the funding rate isn’t moving, it may be spot buying pushing the price, while the derivatives side hasn’t caught up. Open interest hasn’t changed much, and leveraged funds are still waiting.
If the price breaks below 10.90 and the funding rate turns negative, I’ll consider lightly shorting. At this level, I choose to wait and stay put.
Trading tag: #TradFi #链上美股 #BITO
Where do you think this line of judgment is most likely to be wrong?