$ALAB rose 6.6 points over the past 24 hours to 302.83, but the funding rate stayed completely unchanged at zero. Trump concept stocks are driven by news; a neutral funding rate here suggests the market still isn’t taking it seriously. Most likely, this is just passive follow-through with the U.S. stock index rather than real money betting on policy.

Rallies without any news catalyst are the least interesting. A funding rate of zero means both longs and shorts are waiting on the sidelines, and open interest of 2145.89 is not crowded either. Chasing long at this level is easy to get trapped, while shorting has no catalyst. If you really want to participate, wait until Trump makes a concrete move.

Trading tag: #TradFi #链上美股 #ALAB

Where do you think this line of reasoning is most likely to be wrong?