Honestly, while looking through the contract data today, I noticed $ALGO : 15-minute open interest is up 31.47%, now at $18.78 million.
The price is rising too (+9.1%), which looks like new longs are coming in. I usually check the funding rate next—if it’s not overheated, this move has a more solid footing.
Anyone who’s researched it care to share their thoughts?
#ALGO
The above is for reference only. Please make your own trading decisions.
The price is rising too (+9.1%), which looks like new longs are coming in. I usually check the funding rate next—if it’s not overheated, this move has a more solid footing.
Anyone who’s researched it care to share their thoughts?
#ALGO
The above is for reference only. Please make your own trading decisions.