$FLNC In the past 24 hours, it rose by 3.52%. The quote is 10.88, but the funding rate remains steady at the zero line. This signal is clear: the price moving upward is not accompanied by a change in financing costs that would indicate crowded longs or short-covering pressure.
My view is that this looks more like local games between existing capital without any new catalysts, rather than a reflection of a shift in macro risk appetite. A funding rate at zero means both long and short sides have not materially added at the current price level; the rally lacks confirmation from incremental capital.
The strongest counter-argument: only if there is a subsequent breakout with rising volume and the funding rate turns positive at the same time could the trend be confirmed.
Trading tag: #TradFi #链上美股 #FLNC
Where do you think this thesis is most likely to be wrong?
My view is that this looks more like local games between existing capital without any new catalysts, rather than a reflection of a shift in macro risk appetite. A funding rate at zero means both long and short sides have not materially added at the current price level; the rally lacks confirmation from incremental capital.
The strongest counter-argument: only if there is a subsequent breakout with rising volume and the funding rate turns positive at the same time could the trend be confirmed.
Trading tag: #TradFi #链上美股 #FLNC
Where do you think this thesis is most likely to be wrong?