$SNDK Contract trades enlarge significantly; the real turning point is the 15m price-to-position relationship.
On the 15m timeframe, price is up +0.19%, open interest is up +1.17%. Right now, it looks more like “both long and short add positions”: the decline hasn’t led to de-risking—instead, it has drawn in more contract positions, making it easier for the market to amplify volatility further..
Aggressive buys account for 46.8%, and the directional stance isn’t extremely biased. The ratio of longs to shorts is 0.62, so sentiment is slightly bearish. Next, watch whether the funding rate continues to fall.
If open interest keeps increasing while price stalls, the market may shift from driving momentum to a standoff at the high levels.
On the 15m timeframe, price is up +0.19%, open interest is up +1.17%. Right now, it looks more like “both long and short add positions”: the decline hasn’t led to de-risking—instead, it has drawn in more contract positions, making it easier for the market to amplify volatility further..
Aggressive buys account for 46.8%, and the directional stance isn’t extremely biased. The ratio of longs to shorts is 0.62, so sentiment is slightly bearish. Next, watch whether the funding rate continues to fall.
If open interest keeps increasing while price stalls, the market may shift from driving momentum to a standoff at the high levels.
