🚨 Futures Alert: not sure what to make of these
Quick check on the futures board, and a couple of these made me look twice:
INIT: open interest +11.4% in 1h to 37.6M, funding at -0.772%.
Price +77.1% on the day, top traders' long/short at 0.91.
HOT: funding at -0.072%.
Price -1.5% on the day, top traders' long/short at 1.35.
ON: open interest +9.2% in 1h to 13.6M.
Price +3.1% on the day, top traders' long/short at 1.61.
Not a call either way, just the numbers. But this is the kind of setup that liquidates people in both directions.
#Futures #CryptoTrading $INIT $HOT $ON
Quick check on the futures board, and a couple of these made me look twice:
INIT: open interest +11.4% in 1h to 37.6M, funding at -0.772%.
Price +77.1% on the day, top traders' long/short at 0.91.
HOT: funding at -0.072%.
Price -1.5% on the day, top traders' long/short at 1.35.
ON: open interest +9.2% in 1h to 13.6M.
Price +3.1% on the day, top traders' long/short at 1.61.
Not a call either way, just the numbers. But this is the kind of setup that liquidates people in both directions.
#Futures #CryptoTrading $INIT $HOT $ON