$BE 24 hours down 5.45%, the funding rate has been driven to 0. This combination points to one fact: the force behind the Trump trade pair for $BE has run out. The price drop hasn’t caused short crowding (the funding rate isn’t negative), and longs aren’t stubbornly holding on either (the funding rate isn’t positive). The market is cold-shouldering this topic. Next phase: if U.S. stocks don’t get new stimulus, $BE is likely to drift lower. If the price breaks below 260, I’ll try a short with a 5% position, target 240, stop loss at 275. If Trump suddenly stirs things up again, I’ll recognize this trade as a loss.

Trading tag: #TradFi #链上美股 #BE

Where do you think this outlook is most likely to be wrong?