$RIVN for $15.96, down 3.855% in 24 hours. The funding rate is zero, and open interest is 17,000 contracts. Even though the price is falling, the capital cost hasn’t changed; the shorts haven’t added aggressively, so based on a single signal, downside momentum looks insufficient. More likely, it reflects a contraction in macro risk appetite. The counter-evidence is that if open interest falls significantly while the price stabilizes, it would indicate that selling pressure has been released. If the funding rate turns negative or open interest breaks above 20,000 contracts, this view would be invalid. Action: wait, no trade.

Trading tag: #TradFi #链上美股 #RIVN

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