QCOM has taken a 9.5% nosedive in the last 24 hours, crashing down to 222.96. Yet, the funding rate is still hanging at a positive 0.00046, with open interest stacked at 47734, and the bulls are still paying to hold their positions despite the downtrend.
Trump keeps hinting at potential tariffs on semiconductors, causing the market to vote against Qualcomm, which has a significant revenue share from China. The more the bottom buyers hold, the hotter the funding fees get, and with the long-to-short ratio out in the open, we’re still missing that acceleration for liquidations.
Trade tags: #BinanceFutures #TradFi #USDⓈM #QCOM #QCOMUSDT $QCOM
Trump keeps hinting at potential tariffs on semiconductors, causing the market to vote against Qualcomm, which has a significant revenue share from China. The more the bottom buyers hold, the hotter the funding fees get, and with the long-to-short ratio out in the open, we’re still missing that acceleration for liquidations.
Trade tags: #BinanceFutures #TradFi #USDⓈM #QCOM #QCOMUSDT $QCOM