$MSTR fell 4.44% over the past 24 hours to 128.38, but the funding rate is still positive at 0.00029540. When the price drops, longs continue to pay, indicating that the positioning for the bullish Trump trade has not yet been cleaned out.
The current structure is that the price is falling, but longs are unwilling to exit. This usually means either there is capital that is front-running a Trump-win rally and buying the dip early, or leveraged longs are trapped and trying to average down their cost. Open interest is 349,124.75, which is fairly large.
I believe this divergence is not sustainable.
Trading tag: #TradFi #链上美股 #MSTR
Where do you think this assessment is most likely wrong?
The current structure is that the price is falling, but longs are unwilling to exit. This usually means either there is capital that is front-running a Trump-win rally and buying the dip early, or leveraged longs are trapped and trying to average down their cost. Open interest is 349,124.75, which is fairly large.
I believe this divergence is not sustainable.
Trading tag: #TradFi #链上美股 #MSTR
Where do you think this assessment is most likely wrong?