Over the past 24 hours, it’s up 10.183% to 55.94; the funding rate is 0.00275787, with positive funding stacking on top of the rise. This is not some “good news” tied to US stocks at all—it's simply that short-term capital is chasing expectations spurred by news about Trump, while longs are building up their accumulated cost basis.
On-chain “US stock” futures are playing a political narrative, and the liquidity is pitifully thin. The price gets pushed up, but the funding rate stays positive; that means everyone who comes in later has to pay the shorts every 8 hours. That’s a classic crowded long. Open interest is only a little over 8,000 contracts—one piece of adverse news can easily punch through.
Trading tag: #TradFi #链上美股 #SHAZ
Where do you think this assessment is most likely to be wrong?
On-chain “US stock” futures are playing a political narrative, and the liquidity is pitifully thin. The price gets pushed up, but the funding rate stays positive; that means everyone who comes in later has to pay the shorts every 8 hours. That’s a classic crowded long. Open interest is only a little over 8,000 contracts—one piece of adverse news can easily punch through.
Trading tag: #TradFi #链上美股 #SHAZ
Where do you think this assessment is most likely to be wrong?