$AXTI 24 hours, up 9.77%. Current price 78.51, turnover 33.62 million. The funding rate is moving flat around the zero line; open interest is 105k. This setup is very clean. When the funding rate goes to zero, it means neither side has formed a one-way bet; open interest hasn’t expanded with the price, so the rise is likely driven by spot demand rather than leveraged positioning built up through futures. With no funding-rate friction, the short-term holding cost is low. If it retraces into the 75–80 range, I will buy spot in batches; position size will be kept within 5% of total capital. If it breaks below the 70-dollar whole-number support, I’ll cut losses and exit.

Trading tag: #TradFi #链上美股 #AXTI

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