Trump's Pennsylvania rally reiterated the tariff increase on China to 60%, directly hammering sentiment in traditional finance stocks. $BX 24 hours saw a drop of 7.34%, with a funding rate of -0.0024, indicating shorts are still paying the longs, showing that the market is pricing in the impacts of Trade War 2.0 on asset management giants ahead of time. The open interest remains around 9700, with no signs of panic liquidations, and sell pressure hasn’t fully released. This negative funding rate combined with a sharp drop is a classic short accumulation structure. After similar policy-induced panic last October, prices rebounded quickly by 12%.

Trading tag: #TradFi #链上美股 #BX

Is Trump's play bullish or bearish for BX?