$Lobster futures are showing a pattern of falling open interest and rising prices (24h: OI -10.92% / price +18.05%). Here are a few things worth watching:
1. Whether open interest continues to fall
2. Whether funding rates become significantly one-sided
3. Whether new longs enter after short covering ends
Total futures positions are worth $22.98 million. I’ll follow up when one of these indicators changes.
Just my personal opinion; please think critically.
1. Whether open interest continues to fall
2. Whether funding rates become significantly one-sided
3. Whether new longs enter after short covering ends
Total futures positions are worth $22.98 million. I’ll follow up when one of these indicators changes.
Just my personal opinion; please think critically.