$ASTS 24 hours have seen a direct drop of 6.56%, and the current price is 83.44. The sell pressure on the order book is considerable. With a trading volume of 5.52 million, it's clear this isn't just retail investors unloading; there's significant capital reducing positions. The most bizarre part is the funding rate, which has plummeted to zero. No bulls are willing to pay, and the bears aren't discounting either. Both sides are holding back, waiting for the other to make a move. Open Interest stands at 28,700, indicating a moderate accumulation of chips; there's no mass exodus, but also no buying frenzy coming in.

Honestly, in this recent drop, I haven’t seen any sudden negative news targeting ASTS. The sentiment from TradFi seems to have been dragged down by overall market risk aversion. Looking back at the recent capital rotation, funds are clearly pulling out of high volatility, high valuation growth stocks. If Trump’s tariff or geopolitical comments tonight cause a sell-off in the US stock market, high beta ASTS will definitely be caught in the crossfire, making it prone to chaotic fluctuations. For bulls to turn the tide, they need to come back strong and force a short squeeze; otherwise, it’s just a slow decline.

I’m inclined to catch a technical rebound, but I won’t enter without preparation. Current price is 83.44, looking to go long with a light position and a solid stop loss. Parameters disclosed: direction long, leverage 3x, stop loss at 79, take profit at 90, total position size 2%. If it drops below 79, it indicates ineffective support, and at that point, don’t wait; just exit.

Trading tag: #TradFi #链上美股 #ASTS

How do you interpret the news regarding ASTS?