$NBIS This wave pumped to 280.13, which is a 4.51% intraday gain that looks quite convincing, but the funding rate remains frozen at zero, which doesn’t add up. A real strong breakout should ideally come with some positive premium in the funding rate; right now, this upward movement feels more like bears are getting squeezed rather than bulls aggressively pushing from the top. Looking at the open interest at 21387, there’s hardly any significant increase, indicating that the market isn’t adding positions but rather sitting on the sidelines.
Currently, the semiconductor sector is entirely supported by policy expectations. The battle for subsidies related to the chip bill coming out of Washington is heating up again, and NBIS, as an on-chain US stock contract, directly reflects such news. A zero funding rate environment means neither bulls nor bears have holding costs, so whoever acts first grabs the position, but it also signifies a large market divergence and a lack of deep conviction.
In trading, I’m focusing on two key levels. If we can hold above 282, it indicates that policy sentiment is starting to materialize, and I’ll take a small long position, placing my stop loss just below 275. Should we break below 275, that’s a signal of expectations going south, and I’ll flip to short, targeting the 260 level. This position bets on the policy side not wanting to leave empty-handed; if I’m wrong, the cost is manageable, and if I’m right, I can capture some profit from the emotional recovery.
Trading tag: #TradFi #链上美股 #NBIS
How long do you think this policy bullishness can last?
Currently, the semiconductor sector is entirely supported by policy expectations. The battle for subsidies related to the chip bill coming out of Washington is heating up again, and NBIS, as an on-chain US stock contract, directly reflects such news. A zero funding rate environment means neither bulls nor bears have holding costs, so whoever acts first grabs the position, but it also signifies a large market divergence and a lack of deep conviction.
In trading, I’m focusing on two key levels. If we can hold above 282, it indicates that policy sentiment is starting to materialize, and I’ll take a small long position, placing my stop loss just below 275. Should we break below 275, that’s a signal of expectations going south, and I’ll flip to short, targeting the 260 level. This position bets on the policy side not wanting to leave empty-handed; if I’m wrong, the cost is manageable, and if I’m right, I can capture some profit from the emotional recovery.
Trading tag: #TradFi #链上美股 #NBIS
How long do you think this policy bullishness can last?