Last night, the global equity markets saw a rebound in sentiment, with US stocks in the defense and new materials sectors attracting institutional funds back into the game. This flow translated to Binance contracts, where <a>$GLW </a> broke through 214 with significant volume, showing a nearly 10% increase over the last 24 hours. The current funding rate is 0.000685, still positive, indicating that the bulls are continuing to pay interest, reflecting a desire to FOMO in, but it's not overheated yet. Trading volume stands at 19.79 million, with an open interest of only 11.9 thousand, suggesting that this surge isn't driven by retail traders; it looks more like institutions are pushing the spot market up while simultaneously building contract exposure.

Trading Tag: #TradFi #链上美股 #GLW

How do you interpret the news around GLW?