$SMCI fell 5.658% over the past 24 hours, with the price at 38.85. In terms of microstructure, bearish forces dominate but lack incremental momentum, and the market is standing by.
With the funding rate at zero coexisting with price declines, it suggests that the long vs. short battle has entered a stalemate. A zero funding rate means neither side has a strong willingness to pay, but the slow, downward drift indicates that selling pressure is persistent—just without an aggressive short faction driving an acceleration.
The strongest counterargument is that technology stocks’ earnings reports or AI compute-demand may have unexpectedly strong data, which could instantly reverse the sector’s sentiment. If the price continues to probe lower, the longs that previously added leverage at high levels will face stop-loss pressure.
Trading tag: #TradFi #链上美股 #SMCI
Where do you think this assessment is most likely to be wrong?
With the funding rate at zero coexisting with price declines, it suggests that the long vs. short battle has entered a stalemate. A zero funding rate means neither side has a strong willingness to pay, but the slow, downward drift indicates that selling pressure is persistent—just without an aggressive short faction driving an acceleration.
The strongest counterargument is that technology stocks’ earnings reports or AI compute-demand may have unexpectedly strong data, which could instantly reverse the sector’s sentiment. If the price continues to probe lower, the longs that previously added leverage at high levels will face stop-loss pressure.
Trading tag: #TradFi #链上美股 #SMCI
Where do you think this assessment is most likely to be wrong?