$MUU Current price 35.02, 24-hour increase 3.763%. However, the signals from the derivatives market are very weak: the funding rate is only 0.00062%. This level of funding rate is basically negligible, indicating that the longs are simply not willing to pay the cost to maintain their positions.
I believe this rally lacks confirmation from the derivatives market. Looking at the funding rate alone, it looks more like short covering or spot buy pressure rather than longs actively leveraging up. The open interest of 168140.56, together with this funding rate, shows that market participation enthusiasm is not high.
Trading tag: #TradFi #链上美股 #MUU
Where do you think this assessment is most likely to be wrong?
I believe this rally lacks confirmation from the derivatives market. Looking at the funding rate alone, it looks more like short covering or spot buy pressure rather than longs actively leveraging up. The open interest of 168140.56, together with this funding rate, shows that market participation enthusiasm is not high.
Trading tag: #TradFi #链上美股 #MUU
Where do you think this assessment is most likely to be wrong?