$LITE 24H Keep pushing through, we're sitting at a 5.86% bounce near 887, but the funding rate is still stuck at 0.00055 in the positive territory, with the bulls stubbornly paying up. The order book volume shot up to 52M, open interest holds steady at 33174.89. In this kind of high volatility, seeing this drop alongside a positive funding rate is a classic bull market denial setup, making it super easy for a chain reaction of liquidations to happen.
The semiconductor sentiment is being pulled back and forth by macro uncertainties and geopolitical frictions, with each long position taken bleeding out due to the funding fees.
Trade tag: #TradFi #链上美股 #LITE
How do you interpret the news around LITE?
The semiconductor sentiment is being pulled back and forth by macro uncertainties and geopolitical frictions, with each long position taken bleeding out due to the funding fees.
Trade tag: #TradFi #链上美股 #LITE
How do you interpret the news around LITE?