$MUU Over the past 24 hours, it has fallen 9%, and the price reached 31.74. The drop isn’t shallow, but the funding rate is unmoved—it’s staying at zero.
My take: The selling pressure in this round of liquidation mainly comes from spot or long position closures, not from shorts proactively chasing. A funding rate of zero means neither side is paying the other, so bearish sentiment isn’t strong enough for shorts to maintain positions by paying a premium. Coupled with the open interest of 160,000 lots still not collapsing, it suggests a substantial amount of positioning is being held down and absorbed. If shorts were truly in control, the funding rate would very likely turn negative.
Trading tag: #TradFi #链上美股 #MUU
Where do you think this assessment is most likely to be wrong?
My take: The selling pressure in this round of liquidation mainly comes from spot or long position closures, not from shorts proactively chasing. A funding rate of zero means neither side is paying the other, so bearish sentiment isn’t strong enough for shorts to maintain positions by paying a premium. Coupled with the open interest of 160,000 lots still not collapsing, it suggests a substantial amount of positioning is being held down and absorbed. If shorts were truly in control, the funding rate would very likely turn negative.
Trading tag: #TradFi #链上美股 #MUU
Where do you think this assessment is most likely to be wrong?