Looking only at price can make you miss a lot of information. $KAIA 1-hour open interest: +13.3%; price: +1.03%. Compare the two:
Rising open interest and rising price: new longs are actively entering.
If open interest keeps increasing, watch to see whether the funding rate rises too. Tell us about your leverage habits in the comments.
This is just for discussion; you’re responsible for your own gains and losses.
Rising open interest and rising price: new longs are actively entering.
If open interest keeps increasing, watch to see whether the funding rate rises too. Tell us about your leverage habits in the comments.
This is just for discussion; you’re responsible for your own gains and losses.