Jotting this down: while checking the derivatives data today, I noticed $CLANKER : open interest is up 4.35% over 15 minutes, now at $6.03 million.
Price is rising in tandem (+2.3%), which looks like new longs are entering. I usually check the funding rate next; if it isn’t overheated, this move looks fairly solid.
Let’s keep an eye on what happens next.
#CLANKER
Price is rising in tandem (+2.3%), which looks like new longs are entering. I usually check the funding rate next; if it isn’t overheated, this move looks fairly solid.
Let’s keep an eye on what happens next.
#CLANKER