$LITE current price 922.08, 24h change +9.747%. Funding rate is flat at 0, with no longs or shorts paying funding fees. OI 11715.93 open interest is average.
This rally looks more like spot buy pressure pushing it up, with the futures market not following. Funding is zero, which means leveraged traders haven’t really entered yet, and the uptrend lacks fuel.
I’ll wait for funding to break above 0.005% before considering chasing longs; otherwise this move could be a false breakout.
Trading tag: #TradFi #链上美股 #LITE
Where do you think this assessment is most likely to be wrong?
This rally looks more like spot buy pressure pushing it up, with the futures market not following. Funding is zero, which means leveraged traders haven’t really entered yet, and the uptrend lacks fuel.
I’ll wait for funding to break above 0.005% before considering chasing longs; otherwise this move could be a false breakout.
Trading tag: #TradFi #链上美股 #LITE
Where do you think this assessment is most likely to be wrong?