Hynix’s reference to crypto funding rates is useless; why would there be a long squeeze just because many people are bottom-fishing in crypto? This thing’s pricing power is not in crypto.

Last time, the bottom also had high funding rates, and it rebounded to 1600, a 20% gain. Conversely, at 1600 there was no long funding rate at all, so as it rallied, the funding rate started to disappear. A prolonged absence of funding rates is a take-profit signal.

Today’s Hynix has the highest short-term funding rate ever. It’s true that capital is bottom-fishing in anticipation of a US listing. Just wait, I don’t ask for much — I’ll take this last Hynix rebound and never play it again. Storage is still a bit scary. 😮