$TZA In the past 24 hours, it rose 2.385%. Current price: 40.79. Funding rate: 0.00010470. Longs are paying fees to shorts; the price is rising but the funding rate is positive. This is a typical signal of chasing costs accumulating.
The last time we saw this kind of structure—price rising while the funding rate was positive—longs supported it for three days before getting squeezed and blown up. Now there are 19,674.73 open contracts, and open interest hasn’t shrunk noticeably, which suggests longs haven’t run yet—they’re still holding and enduring the funding rate while waiting for a breakout.
Shorts’ costs are not high, and longs pay every day. If the price goes sideways or makes a slight pullback, the pressure on longs to hold positions will increase exponentially. Don’t chase longs now—wait for two signals: either the funding rate spikes above 0.0003 and I’ll consider switching to short, or the price strongly breaks above the previous high and the funding rate drops, and then I’ll go long. If neither happens, just watch.
Trading tag: #TradFi #链上美股 #TZA
Where do you think this analysis is most likely to be wrong?
The last time we saw this kind of structure—price rising while the funding rate was positive—longs supported it for three days before getting squeezed and blown up. Now there are 19,674.73 open contracts, and open interest hasn’t shrunk noticeably, which suggests longs haven’t run yet—they’re still holding and enduring the funding rate while waiting for a breakout.
Shorts’ costs are not high, and longs pay every day. If the price goes sideways or makes a slight pullback, the pressure on longs to hold positions will increase exponentially. Don’t chase longs now—wait for two signals: either the funding rate spikes above 0.0003 and I’ll consider switching to short, or the price strongly breaks above the previous high and the funding rate drops, and then I’ll go long. If neither happens, just watch.
Trading tag: #TradFi #链上美股 #TZA
Where do you think this analysis is most likely to be wrong?