$ARM is up 6.8%, price pushed near 376, funding rate at 0.0000967% just started turning positive, longs haven't been squeezed to a warning position yet, but they're already starting to pay. OI at $94.5 million stacked on-chain, market depth is holding up this wave of buy orders.
This movement aligns pretty well with the macro atmosphere. The dollar index has been catching its breath these past couple of days, and interest rate futures are betting on the Fed's next move to ease up. As long as actual interest rate expectations head down, tech stocks reflected in on-chain assets will see some action.
Trading tags: #BinanceFutures #TradFi #USDⓈM #ARM #ARMUSDT $ARM
This movement aligns pretty well with the macro atmosphere. The dollar index has been catching its breath these past couple of days, and interest rate futures are betting on the Fed's next move to ease up. As long as actual interest rate expectations head down, tech stocks reflected in on-chain assets will see some action.
Trading tags: #BinanceFutures #TradFi #USDⓈM #ARM #ARMUSDT $ARM