$AMD 24 hours up 4.19%, but the funding rate remains at 0. Since price is rising while the rate is unchanged, it suggests longs are not actively chasing higher prices and buy-side strength is limited. In the same period, the open interest was 18,495.21, which did not increase in sync. Combined with the price rise, this points to earlier shorts actively closing and exiting—resulting in a weak rebound driven by liquidation. Under this structure, the rally lacks consensus from new capital. If, going forward, open interest rises again and the funding rate is still 0, then the thesis may fail. I choose to stay on the sidelines, waiting for clearer funding signals.

Trading tag: #TradFi #链上美股 #AMD

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