$ZS 24 hours up 5.568%, and the price reached 209.3, but the funding rate remains at 0. This zero-fee structure is a key signal. When the price rises while the funding rate is zero, it usually means the move is not driven by leveraged long sentiment in the futures market. The current rally may be more attributable to spot buying or the closing of short positions, rather than an influx of new speculative longs. Open interest at 724.96 has not risen sharply in sync with the price, further supporting this. This is a single-signal inference, based only on price and the funding rate.

Trading tag: #TradFi #链上美股 #ZS

Where do you think this assessment is most likely to be wrong?