$MSTR fell 4.1% over the past 24 hours; the current price is 131.24. At the same time, its contract funding rate is 0.00000000, and the open interest remains at a high level of 416,500 contracts.
The core contradiction is: as a Bitcoin proxy with leverage and technology stock exposure, while macro tightening expectations have not been dispelled, its price volatility is amplified. However, with a zero fee rate, both longs and shorts have no carrying cost, so during the decline there is insufficient “buffer” for short-side take-profit. High open interest means a large number of positions are trapped; once the price breaks out in either direction, it could trigger a wave of forced liquidations.
Trading tag: #TradFi #链上美股 #MSTR
Where do you think this set of judgment is most likely to be wrong?
The core contradiction is: as a Bitcoin proxy with leverage and technology stock exposure, while macro tightening expectations have not been dispelled, its price volatility is amplified. However, with a zero fee rate, both longs and shorts have no carrying cost, so during the decline there is insufficient “buffer” for short-side take-profit. High open interest means a large number of positions are trapped; once the price breaks out in either direction, it could trigger a wave of forced liquidations.
Trading tag: #TradFi #链上美股 #MSTR
Where do you think this set of judgment is most likely to be wrong?