Bearish Divergence: Cumulative volume delta shows increased selling pressure, despite rising open interest. Traders are likely shorting or closing long positions.
Overheated Market: High funding rates (over 170% annualized) indicate an overvalued market, making long positions risky. Price Correction: Price retraced from $70 to $58 but remains 3% up.
Broader Market Sentiment: Widespread selling in major cryptocurrency perpetual futures suggests a potential "sell the news" event post-inauguration. Caution Advised: The combination of bearish indicators and high funding rates warrants caution for investors considering buying TRUMP.
Any questions left? Please leave your contact info. Our Manager will answer you shortly.