$FLEX now reports 115.45; it is up 3.007% over the past 24 hours. The funding rate is 0.00000000, and the open interest is 592.85. Price is moving upward, yet there is no positive funding rate accumulation, which suggests that contract long positions have not formed a crowded, pay-for-chasing structure. Open interest is only a static figure, so I won’t claim that funding is increasing. Spot market data is also missing, so for now we can’t confirm whether there is a divergence between contract sentiment and spot sentiment. The only thing we can confirm right now is that the price increase has already appeared, and the leverage pricing remains fairly restrained.

For macro transmission, we need to look at the Fed’s rate path, the US dollar, and US Treasury yields.

Trading tag: #TradFi #链上美股 #FLEX

Is the broader environment favorable or unfavorable for FLEX? Tell me your view.