$SNXX current price 14.02, down 7.091% in the past 24 hours. Funding rate 0.00034283. Open contracts over 2 million. As it falls, the funding rate rises, creating a structure that traps long positions with additional buying. Funding continues to be paid by longs. Leveraged longs stubbornly hold, but downward price pressure hasn't eased. I went short with 5x leverage, stop loss at 14.5, take profit at 13.2, position size 10%. If the price rises above 14.5, the short-selling thesis becomes invalid.

Trading tag: #TradFi #链上美股 #SNXX

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