BSP fell 4.845% intraday to 39.67, while the funding rate remained at 0. This combination is fairly subdued in the derivatives market: a price decline without shorts being paid (a non-negative funding rate) suggests there was no panic-driven betting or crowded short positioning.
A price drop with an unmoved funding rate points to a mild exit of liquidity rather than an emotion-driven selloff. Without a macro catalyst from Brave News, this move looks more like a passive follow-through on an overall contraction in risk appetite for on-chain U.S. stock assets.
Trading tag: #TradFi #链上美股 #BSP
Where do you think this line of reasoning is most likely to be wrong?
A price drop with an unmoved funding rate points to a mild exit of liquidity rather than an emotion-driven selloff. Without a macro catalyst from Brave News, this move looks more like a passive follow-through on an overall contraction in risk appetite for on-chain U.S. stock assets.
Trading tag: #TradFi #链上美股 #BSP
Where do you think this line of reasoning is most likely to be wrong?