$SNXX 24 hours up 5.214% to 14.53, with trading volume exceeding $300 million. The angle is global news, but the tradfi_news field is empty; the market may be waiting for specific updates, as traders are using the funding rate to express their view.
The funding rate 0.00152451 is positive—longs are paying shorts. With the price rising plus a positive funding rate, this is a typical long chasing rally setup where costs are building up. If there truly is a major on-chain U.S. stock news catalyst next, the current rate isn’t that high; but if it’s driven only by sentiment, this rate structure would suppress the willingness to chase longs.
Trading tag: #TradFi #链上美股 #SNXX
Where do you think this assessment is most likely to be wrong?
The funding rate 0.00152451 is positive—longs are paying shorts. With the price rising plus a positive funding rate, this is a typical long chasing rally setup where costs are building up. If there truly is a major on-chain U.S. stock news catalyst next, the current rate isn’t that high; but if it’s driven only by sentiment, this rate structure would suppress the willingness to chase longs.
Trading tag: #TradFi #链上美股 #SNXX
Where do you think this assessment is most likely to be wrong?