$SPCX 24 hours up 6.184%, the funding rate is zero. The bulls have the upper hand but there hasn’t been a funding-rate squeeze, which suggests that spot buying is pushing the price, while the long and short positions in the futures are fairly balanced. This kind of rally with zero fees isn’t solid—it's nothing like those surges where funding spikes sharply.
The flip side is: if spot buying cools off, and there isn’t crowded support from long positions in the contracts, the pullback could happen quickly. Because the 2.2 million open positions correspond to a trading volume of 1.58 billion; the leveraged positions aren’t especially heavy, so stop-loss orders likely won’t be overly clustered.
Trading tag: #TradFi #链上美股 #SPCX
Where do you think this assessment is most likely to be wrong?
The flip side is: if spot buying cools off, and there isn’t crowded support from long positions in the contracts, the pullback could happen quickly. Because the 2.2 million open positions correspond to a trading volume of 1.58 billion; the leveraged positions aren’t especially heavy, so stop-loss orders likely won’t be overly clustered.
Trading tag: #TradFi #链上美股 #SPCX
Where do you think this assessment is most likely to be wrong?