$NOK 24 hours saw a 4.4% pump, with the funding rate hitting -0.000105, and shorts are still bleeding cash. With prices climbing this way, shorts aren’t fleeing but holding on, a classic setup for a short squeeze. Open interest is still hanging around $960k; these folks haven’t fully cleared out.
Last time TradFi experienced this kind of pump + negative funding structure, it was followed by a wave of short covering inertia. As long as the funding rate stays negative, bulls are basically using leverage for free. Over on Trump’s side, he’s constantly throwing shade at Europe, pushing volatility to the max, making high-vol contracts like NOK perfectly positioned to capitalize on geopolitical benefits.
Trading tag: #TradFi #链上美股 #NOK
How do you interpret the news around NOK?
Last time TradFi experienced this kind of pump + negative funding structure, it was followed by a wave of short covering inertia. As long as the funding rate stays negative, bulls are basically using leverage for free. Over on Trump’s side, he’s constantly throwing shade at Europe, pushing volatility to the max, making high-vol contracts like NOK perfectly positioned to capitalize on geopolitical benefits.
Trading tag: #TradFi #链上美股 #NOK
How do you interpret the news around NOK?