Trading Volume Surges for Micron and SK Hynix on trade.xyz, Funding Rate Indicates Buy the Dip Sentiment
BlockBeats News, July 2nd, Micron and Samsung have been continuously adjusting since late June, and they experienced another round of declines last night and this morning. It is worth noting that on trade.xyz, Samsung and Micron's trading volume has risen to the top 2 on the platform, with 24-hour trading volumes of $5.16 billion and $4.65 billion, respectively.
The funding rate indicates that there may be dip-buying interest in the above-mentioned assets, with Samsung's annualized funding rate reaching as high as 314.4%, becoming the second most expensive funding rate after Intel (although Intel's open interest and trading volume are significantly lower than Samsung's).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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