$SNDK 24 hours down 2.05%, price 1742.7, funding rate returns to zero.
From a political-events trading perspective: if Trump pushes semiconductor tariff policies, it would be bearish for this on-chain US stock contract underlying.
Although it’s falling, the funding rate hasn’t changed—meaning the market hasn’t formed panic-driven short liquidations; it’s more of expectation-driven trading. The counterargument is that Trump suddenly shifted to support domestic semiconductor localization to win votes, but I think the probability is low.
The second-order effect is that if the tariffs truly take effect, market makers will adjust hedges, forcing longs to cut positions. Liquidity will move to follow domestic-localization narrative assets.
Trading tag: #TradFi #链上美股 #SNDK
Where do you think this set of assumptions is most likely to be wrong?
From a political-events trading perspective: if Trump pushes semiconductor tariff policies, it would be bearish for this on-chain US stock contract underlying.
Although it’s falling, the funding rate hasn’t changed—meaning the market hasn’t formed panic-driven short liquidations; it’s more of expectation-driven trading. The counterargument is that Trump suddenly shifted to support domestic semiconductor localization to win votes, but I think the probability is low.
The second-order effect is that if the tariffs truly take effect, market makers will adjust hedges, forcing longs to cut positions. Liquidity will move to follow domestic-localization narrative assets.
Trading tag: #TradFi #链上美股 #SNDK
Where do you think this set of assumptions is most likely to be wrong?