$CRM was 258.68; in the past 24 hours it fell 1.523%. Funding rate has gone to zero. This asset is like a sports car that hasn’t had an engine installed—dressed up with the name of having on-chain U.S. stock futures, but with no political or military events being transmitted at all. A slight price dip + zero funding suggests both longs and shorts are unwilling to add heavy positions at the current level; the market is waiting for a real catalyst. The counterargument is that there’s arbitrage space in putting U.S. stocks on-chain, but the reality is that liquidity is too thin, so the price just barely moves with the after-hours U.S. stock market. Looking one level deeper, if market makers don’t provide tighter bid-ask spreads, this “book” won’t be able to stay alive.

Trading tag: #TradFi #链上美股 #CRM

Where do you think this line of reasoning is most likely to be wrong?