🐋 For those watching capital flows, the daily MACD death cross on $AAVE (above the zero line) can be considered alongside two other indicators:
· Futures open interest: If open interest rises after the death cross, it may mean new short positions are being opened; if it falls, the decline is more likely driven by longs closing their positions.
· Funding rate: A sharp move into negative territory indicates crowded shorts, so watch out for a possible move in the opposite direction.
Which signal do you trust more?
#AAVE
Markets carry risks. Enter with caution.
· Futures open interest: If open interest rises after the death cross, it may mean new short positions are being opened; if it falls, the decline is more likely driven by longs closing their positions.
· Funding rate: A sharp move into negative territory indicates crowded shorts, so watch out for a possible move in the opposite direction.
Which signal do you trust more?
#AAVE
Markets carry risks. Enter with caution.