The funding rate of $LITE has hit zero, and neither side is paying protection fees to the other. This is considered a brief vacuum period in the semiconductor contracts. Last time we saw a similar phase, the market broke down bearish, and this time it coincides perfectly with the tariff rhetoric. The Trump team has once again threatened to impose tariffs on Chinese chip-related products, which directly stifles the bullish sentiment in TradFi perp tech stocks. The market is hesitant to buy but not afraid to dump.

Open interest is still hovering around the high level of 13794, indicating that money hasn't exited; it's just waiting for a direction to pick a side. I tend to favor continuing to short in line with the panic from policy changes.

Trading Tag: #TradFi #链上美股 #LITE

Is Trump's move bullish or bearish for LITE?