As a seasoned crypto trader, I was looking through the futures data just now and noticed $BIRB : open interest is up 13.26% over the past hour, now at $5.19 million.
The price is rising in tandem (+13.46%), which suggests new longs are adding to their positions. I usually check the funding rate next; if it’s still normal, this rally looks pretty healthy.
If you have a take, drop it in the comments.
The price is rising in tandem (+13.46%), which suggests new longs are adding to their positions. I usually check the funding rate next; if it’s still normal, this rally looks pretty healthy.
If you have a take, drop it in the comments.
