Today, I’m looking at volume first. The noisiest action isn’t in altcoins—
it’s the 3x long chip contract $SOXL .
The current price is around 56.6, up about 23% on the day.
It hit a low of 45.47 and a high of 57.83,
with roughly 4.7 billion U in volume.
The number of contracts held fell about 21% in a day,
while notional value remains around 360 million U.
This looks more like shorts covering.
Accounts are net long, at about 74%, and the funding rate is nearly flat.
Regulatory concerns dragged chip stocks down last week.
U.S. chip stocks rebounded last night, and the Asian session is following suit.
This is a 3x leveraged product; I’m watching it only as a gauge of sentiment.
$SOXL #半导体 # tokenized stock
Personal opinion only; not investment advice
it’s the 3x long chip contract $SOXL .
The current price is around 56.6, up about 23% on the day.
It hit a low of 45.47 and a high of 57.83,
with roughly 4.7 billion U in volume.
The number of contracts held fell about 21% in a day,
while notional value remains around 360 million U.
This looks more like shorts covering.
Accounts are net long, at about 74%, and the funding rate is nearly flat.
Regulatory concerns dragged chip stocks down last week.
U.S. chip stocks rebounded last night, and the Asian session is following suit.
This is a 3x leveraged product; I’m watching it only as a gauge of sentiment.
$SOXL #半导体 # tokenized stock
Personal opinion only; not investment advice