$ASTS past 24 hours fell 6.4%, quoted at 58.7. Perpetual contract funding rates have dropped to zero, and open interest remains around 45544. The price is moving down, but the funding rate hasn’t turned negative—suggesting the shorts have not formed a strong paid squeeze situation. The longs also haven’t fully surrendered and exited.
This kind of price drop with flat funding rates usually indicates insufficient one-way trend momentum. The market is waiting for new information to break the balance. Since open interest hasn’t fallen sharply, it may mean there hasn’t been a chain of liquidations here, but it also suggests there’s no fresh incremental capital stepping in to absorb.
The next key is whether the price can hold steady around 58.
Trading tag: #TradFi #链上美股 #ASTS
Where do you think this assessment is most likely to be wrong?
This kind of price drop with flat funding rates usually indicates insufficient one-way trend momentum. The market is waiting for new information to break the balance. Since open interest hasn’t fallen sharply, it may mean there hasn’t been a chain of liquidations here, but it also suggests there’s no fresh incremental capital stepping in to absorb.
The next key is whether the price can hold steady around 58.
Trading tag: #TradFi #链上美股 #ASTS
Where do you think this assessment is most likely to be wrong?