$NOK 24 hours down 9.59%, funding rate 0.000478 still positive—longs pay shorts. Political and military risks are heating up; the market sells to avoid risk, but the longs are still stubbornly holding and not backing off. The open interest is 849135 and remains high.
A drop with funding fees positive is the classic structure of longs getting trapped while adding to positions—the liquidation wall is below.
The shorts aren’t collecting funding fees yet they still dare to keep dumping, which suggests they’re betting that political events will continue to deteriorate.
If the geopolitical situation eases and the price rebounds above 10.20, then my call would be wrong. Right now at 9.80 I’m taking a small short position; stop-loss 10.20, target 9.40.
Trading tag: #TradFi #链上美股 #NOK
Where do you think this thesis is most likely to be wrong?
A drop with funding fees positive is the classic structure of longs getting trapped while adding to positions—the liquidation wall is below.
The shorts aren’t collecting funding fees yet they still dare to keep dumping, which suggests they’re betting that political events will continue to deteriorate.
If the geopolitical situation eases and the price rebounds above 10.20, then my call would be wrong. Right now at 9.80 I’m taking a small short position; stop-loss 10.20, target 9.40.
Trading tag: #TradFi #链上美股 #NOK
Where do you think this thesis is most likely to be wrong?