$MU rose 3.957% over the past 24 hours, quoting 1016.86, but the funding rate is still at 0. This kind of move, without an accompanying buildup in long funding costs, suggests it is not longs chasing the rally.
A zero funding rate is the equilibrium point where neither side is willing to pay to hold positions, and such balance usually does not last long. Price breaking upward while financing costs remain completely unchanged looks more like a consensus-free impulse, lacking confirmation from follow-up buying. If the funding rate continues to stay at zero or turns negative, upward momentum may fade quickly.
The current structure is not suitable for chasing long positions.
Trading tag: #TradFi #链上美股 #MU
Where do you think this reasoning is most likely to be wrong?
A zero funding rate is the equilibrium point where neither side is willing to pay to hold positions, and such balance usually does not last long. Price breaking upward while financing costs remain completely unchanged looks more like a consensus-free impulse, lacking confirmation from follow-up buying. If the funding rate continues to stay at zero or turns negative, upward momentum may fade quickly.
The current structure is not suitable for chasing long positions.
Trading tag: #TradFi #链上美股 #MU
Where do you think this reasoning is most likely to be wrong?