COINUSDT fell 3.955% in the past 24 hours; it’s now at 144.74. This drop isn’t that wild, but in the U.S. stock futures/contract market it’s a clear pullback signal. The funding rate is at zero, so for now neither side is paying the other—everyone is waiting for direction.
The U.S. election is entering a critical phase, and crypto regulation has become a campaign chip for both parties. As a leading regulated exchange, Coinbase’s stock price is directly tied to shifts in policy. If the Republicans take office, regulation could be loosened; if the Democrats stay in power, enforcement may continue to be strict. This uncertainty makes institutional money reluctant to take a heavy position. If the OPEC+ production-cut agreement is extended, it could push inflation higher; meanwhile, expectations for Fed rate cuts keep swinging back and forth. All risk assets are therefore being weighed down by valuation concerns. COIN’s holding volume is 39,094.85, which suggests no large-scale exit—everyone is still watching and waiting.
Trade the political angle by focusing on policy implementation. Right now, neither party has provided a clear framework, so it’s normal for funds to choose to stand by. Last week, around 150, I tried a short and caught a pullback before running—didn’t hold on. If it breaks below the key support at 140, I’ll add shorts up to 10% of my position size, with a stop-loss at 148. If it snaps back above 150, that would suggest the market is choosing to ignore policy risk—then I’d flip to a long, but only allocate 5% to test.
Don’t stubbornly hold the contract position—politics-driven moves can change quickly. When you’re wrong, you have to admit it.
Trading tag:
#TradFi #链上美股 #COIN #MSTR
What do you think about COIN being affected by policy?