Perpetual Market Data Provides Context for $SHELL
Open interest in $SHELL perpetual contracts has been reported in the mid-single-digit millions of dollars. Funding rates have remained modestly positive. Perpetual volume has at times exceeded spot volume, reflecting active leveraged participation. No large liquidation clusters specific to $SHELL have been widely noted in the past day. Stable open interest alongside a price advance can suggest new positions are being established rather than pure short covering. Monitoring changes in open interest near the upper end of the current range will help clarify the nature of the move.
Do you place more weight on open-interest changes or funding-rate shifts when assessing SHELL?
#SHELL #CryptoTrading #MarketData
Open interest in $SHELL perpetual contracts has been reported in the mid-single-digit millions of dollars. Funding rates have remained modestly positive. Perpetual volume has at times exceeded spot volume, reflecting active leveraged participation. No large liquidation clusters specific to $SHELL have been widely noted in the past day. Stable open interest alongside a price advance can suggest new positions are being established rather than pure short covering. Monitoring changes in open interest near the upper end of the current range will help clarify the nature of the move.
Do you place more weight on open-interest changes or funding-rate shifts when assessing SHELL?
#SHELL #CryptoTrading #MarketData