Spot Contract Divergence Board
In the last 1 hour, the first thing to break down is where the funds come from: are spot traders following, or are futures contracts racing ahead to take the lead?
$G leveraged funds arrive first at the table—there will be speed, but the quality still needs to be filled in once spot trades are completed.
When $SOL OI moves down and the price rises, it indicates that selling/open interest reduction is first driving the move; to go further, we still need to see new buy orders.
$ENA futures contract trading volume clearly outweighs spot; over the past hour, the move has mainly been driven by leveraged funds.
Just because the contract side is active doesn’t mean it can all continue. Next, we’ll see which one first has spot participation to connect and take over.
In the last 1 hour, the first thing to break down is where the funds come from: are spot traders following, or are futures contracts racing ahead to take the lead?
$G leveraged funds arrive first at the table—there will be speed, but the quality still needs to be filled in once spot trades are completed.
When $SOL OI moves down and the price rises, it indicates that selling/open interest reduction is first driving the move; to go further, we still need to see new buy orders.
$ENA futures contract trading volume clearly outweighs spot; over the past hour, the move has mainly been driven by leveraged funds.
Just because the contract side is active doesn’t mean it can all continue. Next, we’ll see which one first has spot participation to connect and take over.
