$GLW 24 hours saw a 8.4% drop to 144.38, and the funding fee is still positive at 0.000064. This structure is quite interesting—while it’s falling, it still pays longs. It suggests that market consensus is still bullish.
The longs are propping it up. OI is close to 50,000 contracts, and a positive funding fee means longs are paying shorts. They’re bearing the costs despite the negative price trend. The combination of a drop plus a positive fee is the most dangerous if it keeps getting pushed lower. If the longs can’t hold and get liquidated, it can trigger a cascade of liquidations. Shorts are basically receiving free money right now, so they don’t need to rush.
Trading tag: #TradFi #链上美股 #GLW
Where do you think this assessment is most likely to be wrong?
The longs are propping it up. OI is close to 50,000 contracts, and a positive funding fee means longs are paying shorts. They’re bearing the costs despite the negative price trend. The combination of a drop plus a positive fee is the most dangerous if it keeps getting pushed lower. If the longs can’t hold and get liquidated, it can trigger a cascade of liquidations. Shorts are basically receiving free money right now, so they don’t need to rush.
Trading tag: #TradFi #链上美股 #GLW
Where do you think this assessment is most likely to be wrong?