$KORU In the past 24 hours, the price has fallen nearly 5.6%, while the funding rate for perpetual contracts remains at -0.00012, with shorts paying fees every eight hours. Price is down and funding is negative—this is a typical deadlock where shorts are crowded, but the price has not rebounded.
Shorts are accumulating paying costs, but longs are not launching a strong counterattack. This suggests that bearish sentiment runs deep, and any minor rebound may be offset by the short-selling pressure and the replenishment of positions at negative funding. The market is absorbing sell pressure, but buying interest is insufficient.
The strongest evidence from the counterargument is that short funding continues to flow in while the price keeps falling, meaning short momentum is extremely strong. Any rebound could be sold into. The key I’m watching is open interest. If the price stabilizes while openInterest drops significantly, that would be a signal that shorts are closing; if open interest does not decrease and instead increases, it means new shorts are continuing to enter and the decline may persist.
The forced next move will be from highly leveraged longs. If the price cannot quickly break away from the current range, liquidation orders for longs could become new fuel for further downside. My action is to wait. The trigger to add positions is when the price stays above 24.5 for two consecutive hours and the funding rate turns positive; the conditions to reduce positions or cut losses are if the price breaks below 23.8.
Trading tag: #TradFi #链上美股 #KORU
Where do you think this assessment is most likely to be wrong?
Shorts are accumulating paying costs, but longs are not launching a strong counterattack. This suggests that bearish sentiment runs deep, and any minor rebound may be offset by the short-selling pressure and the replenishment of positions at negative funding. The market is absorbing sell pressure, but buying interest is insufficient.
The strongest evidence from the counterargument is that short funding continues to flow in while the price keeps falling, meaning short momentum is extremely strong. Any rebound could be sold into. The key I’m watching is open interest. If the price stabilizes while openInterest drops significantly, that would be a signal that shorts are closing; if open interest does not decrease and instead increases, it means new shorts are continuing to enter and the decline may persist.
The forced next move will be from highly leveraged longs. If the price cannot quickly break away from the current range, liquidation orders for longs could become new fuel for further downside. My action is to wait. The trigger to add positions is when the price stays above 24.5 for two consecutive hours and the funding rate turns positive; the conditions to reduce positions or cut losses are if the price breaks below 23.8.
Trading tag: #TradFi #链上美股 #KORU
Where do you think this assessment is most likely to be wrong?