$PYPL 24 hours increased 5.39%, but the funding rate remains at zero. The divergence between price and funding rate indicates that the rally lacks a synchronized momentum from long chasing and short covering; it is driven by one-way liquidity. Open interest is only 4616, with no clear increase to support the move. The strongest counterargument is that if open interest rises significantly along with the price, the uptrend could be sustained. But the current data does not support that. In the short term, profits may be taken due to a lack of funding consensus support. If the funding rate turns positive and open interest simultaneously expands, the judgment is invalidated. Take a small-position long, set a stop-loss just above the previous low of 53.5.

Trading tag: #TradFi #链上美股 #PYPL

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