The price was pushed down directly—more than 5 to 17.83. The funding rate is still 0. In this kind of sell-off, even a decent short hasn’t shown up to charge for it.
The market is repricing geopolitical risk. On-chain US stock futures right now are like a risk-appetite thermometer—if something really happens, the first to withdraw will definitely be these high-volatility instruments. A funding rate of 0 means both longs and shorts are watching; no one is willing to pay the cost to bet on a direction, yet the price is falling—this is the weakest signal. Sell orders are sparse, but buy orders are even weaker.
The strongest counter-argument is that, if this is only a technical pullback and has nothing to do with the geopolitical conflict. But I think with this kind of position combined with a zero funding rate, once there’s any breeze of bad news, the downside will be even more brutal. People holding these contracts are basically betting on news right now, and funds that are sensitive to geopolitics may have already started to exit.
This trade, I’m bearish. Place a short at 17.83, stop-loss at 18.20, first target 16.50. 3x leverage. If the price quickly recovers to 17.83 and holds above it, I’ll admit I’m wrong and exit.
Trading tag: #TradFi #链上美股 #PAYP
Where do you think this assessment is most likely to be wrong?
The market is repricing geopolitical risk. On-chain US stock futures right now are like a risk-appetite thermometer—if something really happens, the first to withdraw will definitely be these high-volatility instruments. A funding rate of 0 means both longs and shorts are watching; no one is willing to pay the cost to bet on a direction, yet the price is falling—this is the weakest signal. Sell orders are sparse, but buy orders are even weaker.
The strongest counter-argument is that, if this is only a technical pullback and has nothing to do with the geopolitical conflict. But I think with this kind of position combined with a zero funding rate, once there’s any breeze of bad news, the downside will be even more brutal. People holding these contracts are basically betting on news right now, and funds that are sensitive to geopolitics may have already started to exit.
This trade, I’m bearish. Place a short at 17.83, stop-loss at 18.20, first target 16.50. 3x leverage. If the price quickly recovers to 17.83 and holds above it, I’ll admit I’m wrong and exit.
Trading tag: #TradFi #链上美股 #PAYP
Where do you think this assessment is most likely to be wrong?