$SOXL 24 hours, it rose 6.453%, but the funding rate of 0.00040440 is positive, meaning longs are paying shorts. This round of上涨 is a classic funding-rate polarization: as price moves up, funding also moves up, showing that the chasing-long positions are already crowded together and funding costs are accumulating. Currently OI is around 1.26 million, but without historical comparison, we can only judge that the existing long leverage is not low.

I think the sustainability of this rally should be discounted. In a positive funding environment, once price pauses even slightly, longs will start paying the carry cost, and those who can't hold on will exit first.

Trading tags: #BinanceFutures #TradFi #USDⓈM #SOXL #SOXLUSDT $SOXL