$IONQ 24 hours up 4.38%, price 42.14, funding rate stays positive at 0.00063. The market is trading on the expectation that if Trump wins, his technology-investment policies will be beneficial for quantum computing stocks. The upward move accompanied by a positive funding rate suggests that longs are chasing the price; and every 8 hours, longs must pay the shorts a cost of 0.00063, meaning the position suffers wear and tear. Looking at the single signal, sentiment is somewhat optimistic but the structure is not solid. The strongest bearish counterfactor is uncertainty in Trump’s election outcome or policies coming in below expectations—this premium could quickly be given back.

Trading tag: #TradFi #链上美股 #IONQ

Where do you think this assessment is most likely to be wrong?