$ORCL current quote 144.94, down 3.418% over the past 24 hours. Open interest on the perpetual contract is 77,797.48, and the funding rate is zero. Although the price has fallen, there hasn’t been any skew in fee payments between longs and shorts, which suggests that the contract side has not yet developed into extreme congestion. The traded value at 27241002.9884 reflects more turnover rather than one-sided positioning. Spot sentiment is relatively weak, and derivatives positioning is still waiting for direction. I’ll treat 144.94 as a line to watch for short-term structure.

For macro transmission, pay attention to the Fed’s interest rate path.

Trading label: #TradFi #链上美股 #ORCL

ORCL—do you think the next move will be bullish or bearish?