$SHAZ In the past 24 hours, it fell 8.95%, and the funding rate was -0.00077. This price-drop-and-fee-negative structure suggests the market is betting on shorts under political narratives, though overcrowding is already apparent.
Price moving downward in parallel with a negative funding rate is a signal dominated by bearish sentiment. The open interest at 10,217 contracts has not shrunk significantly, indicating that bearish positions are still on the board. Looking at any single signal, a rebound would require a clear positive development on the political front or large-scale short covering.
If political risk eases, forced short liquidation could push the price to rebound quickly. The condition under which my view would become invalid is if the price keeps rebounding and breaks above the prior high.
Trading tag: #TradFi #链上美股 #SHAZ
Where do you think this set of assumptions is most likely to be wrong?
Price moving downward in parallel with a negative funding rate is a signal dominated by bearish sentiment. The open interest at 10,217 contracts has not shrunk significantly, indicating that bearish positions are still on the board. Looking at any single signal, a rebound would require a clear positive development on the political front or large-scale short covering.
If political risk eases, forced short liquidation could push the price to rebound quickly. The condition under which my view would become invalid is if the price keeps rebounding and breaks above the prior high.
Trading tag: #TradFi #链上美股 #SHAZ
Where do you think this set of assumptions is most likely to be wrong?