$BBX fell 7.5% over the past 24 hours, with the price reaching 8.144, but the funding rate is 0, so longs and shorts are still in a stalemate.
At this position, the funding rate going to zero means the long-short balance has been temporarily broken. Bears are in control, but there isn't an extreme funding-rate divergence. Open interest is 245k; although the price is falling, the funding rate has not turned negative. The selling pressure may be coming from spot or from long liquidation in futures, rather than a full-scale assault from shorts.
No rebound conditions exist. A funding rate of 0 means longs have no momentum to counterattack, and any rebound would just hand profits to shorts.
Trading tag: #TradFi #链上美股 #BBX
Where do you think this whole judgment is most likely to be wrong?
At this position, the funding rate going to zero means the long-short balance has been temporarily broken. Bears are in control, but there isn't an extreme funding-rate divergence. Open interest is 245k; although the price is falling, the funding rate has not turned negative. The selling pressure may be coming from spot or from long liquidation in futures, rather than a full-scale assault from shorts.
No rebound conditions exist. A funding rate of 0 means longs have no momentum to counterattack, and any rebound would just hand profits to shorts.
Trading tag: #TradFi #链上美股 #BBX
Where do you think this whole judgment is most likely to be wrong?