$ALAB 24 hours dropped 6.32%, and the price returned to 291.42. The funding rate is zero. This is a single-signal read: the price fell but the funding rate is zero, which suggests selling pressure is coming from spot or low-leverage positions exiting—not from high-leverage long liquidations triggering a chain explosion. Market sentiment has shifted from news-driven excitement to caution, but not yet to panic. The counterargument is that a zero funding rate means shorts don’t have an edge and could be squeezed, but there’s no sign of a rebound in price—buying is clearly waiting. Next, watch the 291 level: if it breaks down, the capital that chased longs earlier will face break-even pressure, which may accelerate outflows.

Trading label: #TradFi #链上美股 #ALAB

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