$FWDI The funding rate has precisely returned to zero, which is uncommon in the futures market. The 24-hour price has only risen slightly by 1.27%, but open interest (62.5k) and trading volume (320k) show that capital is accumulating rather than leaving.

A zero funding rate means longs and shorts are not paying each other, and market sentiment is stuck at a critical point of indecision. The last similar balance appeared during a volatility compression phase, after which a direction was usually chosen. The counterargument is that if trading volume suddenly expands while the funding rate remains at zero, it may attract trend traders and break the stalemate.

Under the current structure, neither going long nor short offers a favorable risk-reward ratio.

Trading tag: #TradFi #链上美股 #FWDI

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