$NBIS 24 hours down 1.759%, price 224.53, funding rate returns to zero.
My take: This is a market dominated by shorts, but panic hasn’t set in yet. Although the drop isn’t large, OI stays at 62494.78, which suggests the short positions haven’t been closed. With the funding rate at zero, neither side has to pay, so it turns into a deadlock price.
The strongest counter-evidence: if the US stock semiconductor sector rebounds collectively, it could be dragged up as well. The second-order effect is that if the market continues to drift down, shorts may gradually take profit, and instead of a steady decline, it could produce a pulse-like rebound. Bulls, meanwhile, would need to wait it out for time.
Trading tag: #TradFi #链上美股 #NBIS
Where do you think this view is most likely to be wrong?
My take: This is a market dominated by shorts, but panic hasn’t set in yet. Although the drop isn’t large, OI stays at 62494.78, which suggests the short positions haven’t been closed. With the funding rate at zero, neither side has to pay, so it turns into a deadlock price.
The strongest counter-evidence: if the US stock semiconductor sector rebounds collectively, it could be dragged up as well. The second-order effect is that if the market continues to drift down, shorts may gradually take profit, and instead of a steady decline, it could produce a pulse-like rebound. Bulls, meanwhile, would need to wait it out for time.
Trading tag: #TradFi #链上美股 #NBIS
Where do you think this view is most likely to be wrong?