$SHOP fell 5.574% over the past 24 hours to $139.6. The funding rate is unchanged at 0%, and derivatives sentiment is subdued. Prices are moving downward, but the funding rate is neutral; the sell pressure is likely coming from the spot market, while leveraged positions have not followed the drop. If spot selling continues, the price may test even lower levels, but the bears lack momentum and a rebound is likely. I’m watching the $139 support—if it breaks, I’ll wait for a retest near $138 with a small position, and put the stop-loss at $137. This thesis is invalid if the funding rate turns negative.

Trading tags: #TradFi #链上美股 #SHOP

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