$GME is up nearly 4% intraday, but the funding rate on perpetual futures remains motionless, staying at zero. The rally hasn’t sparked a collective rush from leveraged longs, and there’s been no sign of large-scale capitulation from shorts.
This usually means the upward price move lacks positive, funding-rate-driven cumulative friction. The upside momentum may be coming from spot buying rather than perpetual-futures mania. With no crowded long positioning, the risk of liquidation stampedes during a pullback is lower.
But this also dampens the potential for short-term explosive moves. If the price holds above $25 and the funding rate slowly turns positive, that would be the sign that the leveraged market is starting to recognize the uptrend.
Trading tag: #TradFi #链上美股 #GME
Where do you think this assessment is most likely to be wrong?
This usually means the upward price move lacks positive, funding-rate-driven cumulative friction. The upside momentum may be coming from spot buying rather than perpetual-futures mania. With no crowded long positioning, the risk of liquidation stampedes during a pullback is lower.
But this also dampens the potential for short-term explosive moves. If the price holds above $25 and the funding rate slowly turns positive, that would be the sign that the leveraged market is starting to recognize the uptrend.
Trading tag: #TradFi #链上美股 #GME
Where do you think this assessment is most likely to be wrong?