MSTR is up +6.656% today, with a funding fee of 0.00000140 still in the positive, meaning the bulls are paying the bears. Open interest at 130,000 contracts isn’t too shabby, and trading volume hit $110 million, showing there's some action.
When BTC spikes, leveraged stocks like MicroStrategy tend to jump first, while on-chain contracts react even faster. However, the consistently positive funding fee indicates that the chasing bulls are heavily positioned, and costs are accumulating. With the current price rise and positive funding structure, the bulls are pushing up against their costs, which could lead to fatigue later on.
I’m not chasing the long here.
Trading tag: #TradFi #链上美股 #MSTR #MARA
How do you interpret the news on MSTR?
When BTC spikes, leveraged stocks like MicroStrategy tend to jump first, while on-chain contracts react even faster. However, the consistently positive funding fee indicates that the chasing bulls are heavily positioned, and costs are accumulating. With the current price rise and positive funding structure, the bulls are pushing up against their costs, which could lead to fatigue later on.
I’m not chasing the long here.
Trading tag: #TradFi #链上美股 #MSTR #MARA
How do you interpret the news on MSTR?