You can really feel the bulls' urgency on the order book. $HOOD 24 hours up 9.46%, pushing the price to 105.86, with volume skyrocketing to 44.62 million. But the funding rate is stubbornly stuck at a positive 0.00004153, and open interest has piled up to 64916, indicating that the bulls have no intention of backing off—they're chasing the price while racking up interest. During this rally, no one wants to be the last one left holding the bag, but the rate itself is like a countdown clock on their positions. The market is battling between a persistent uptrend and even stickier capital costs; that's the core microeconomic conflict at play right now.
Chasing after the price while the rate is positive essentially means you're pricing in time. Although the $HOOD rate isn't huge in absolute terms, combined with a nearly 9.5% daily increase, it implies that new bulls entering the market are simultaneously facing volatility exposure and position decay. Historically, this kind of price increase with a stubbornly positive funding rate usually tests for a short squeeze: once buying pressure stalls, the funding rate pressure will force high-leverage bulls to rush to close their positions, instantly draining liquidity. Now that OI is stuck at this 64916 level, it shows neither side is backing down, but once it breaks, it could happen fast.
I'm inclined to avoid chasing highs here.
Trading Tag: #TradFi #链上美股 #HOOD
On the technical side, where is the key support for HOOD?
Chasing after the price while the rate is positive essentially means you're pricing in time. Although the $HOOD rate isn't huge in absolute terms, combined with a nearly 9.5% daily increase, it implies that new bulls entering the market are simultaneously facing volatility exposure and position decay. Historically, this kind of price increase with a stubbornly positive funding rate usually tests for a short squeeze: once buying pressure stalls, the funding rate pressure will force high-leverage bulls to rush to close their positions, instantly draining liquidity. Now that OI is stuck at this 64916 level, it shows neither side is backing down, but once it breaks, it could happen fast.
I'm inclined to avoid chasing highs here.
Trading Tag: #TradFi #链上美股 #HOOD
On the technical side, where is the key support for HOOD?