$APLD fell 3.76% over the past 24 hours, with volume at 181k. This surge in volume accompanying the drop suggests that the selling pressure isn’t just an illusion. With the perpetual futures funding rate resetting to zero, bulls and bears are temporarily locked in a stalemate. However, the price decline paired with a larger traded amount points to the long side exiting rather than the shorts launching a fresh attack.
Current open contracts are 2,519.82. After the cost basis goes to zero, the price will have more freedom to choose direction. If the next rebound comes on low volume, it would indicate weak buying demand, and the probability of a continuation of the decline would be high.
The strongest counter-argument is that the price has already fallen close to 3.8%, yet OI hasn’t decreased significantly—this could be turnover rather than a trend reversal.
Trading tag: #TradFi #链上美股 #APLD
Where do you think this set of conclusions is most likely to be wrong?
Current open contracts are 2,519.82. After the cost basis goes to zero, the price will have more freedom to choose direction. If the next rebound comes on low volume, it would indicate weak buying demand, and the probability of a continuation of the decline would be high.
The strongest counter-argument is that the price has already fallen close to 3.8%, yet OI hasn’t decreased significantly—this could be turnover rather than a trend reversal.
Trading tag: #TradFi #链上美股 #APLD
Where do you think this set of conclusions is most likely to be wrong?