$PAYP 24 hours down 2.11% to $16.70, with funding rates steady at the zero line. The price is falling, but derivatives are under no pressure; this round of selling comes from spot long liquidation, and leveraged positions did not follow. OI remains at 21260.99 contracts, and the fact that holdings have not loosened suggests trapped positions are still holding on. If spot selling continues, a break below 16.50 could trigger a chain of long stop-losses. This view will fail if the funding rate turns positive or OI surges. Volatility is low right now, so I plan to place a $500 trial position at 16.40, with a stop loss set at 16.00.

Trading tag: #TradFi #链上美股 #PAYP

Where do you think this whole assessment is most likely wrong?