$BABA 24 hours down 4.95% to 111.16, funding rate 0.00020087 remains positive. Price is falling but the funding rate is positive; longs are trapped and adding to positions. There may be an unconfirmed negative headline implied, or it could just be emotion-driven selling pressure. OI 186563.38 is neutral, with no extreme buildup. If the price breaks 110 again, long liquidations could accelerate the drop. I lean toward trying a small long position near 110, with a stop-loss at 109; if the funding rate turns negative, I’ll stand by first.

Trading tag: #TradFi #链上美股 #BABA

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