It’s easy to miss half the picture if you look only at price. $NEAR 15-minute open interest is up 1.55%, while price is up 2%. Looking at them together:
Open interest rising, price rising: new longs are entering.
If open interest keeps piling up, watch whether the funding rate is also moving toward an extreme. Would you dare to open a position here?

#NEAR

The above is for reference only. Please make your own trading decisions.