Just noticed that open interest rose 5.22% over $MAGIC 15 minutes, so I’m keeping an eye on it.
When open interest swings sharply, keep an eye on the funding rate too. If the rate is heavily skewed in one direction, watch out for a reversal shakeout.
#MAGIC
Not financial advice—make your own decisions when buying or selling.
When open interest swings sharply, keep an eye on the funding rate too. If the rate is heavily skewed in one direction, watch out for a reversal shakeout.
#MAGIC
Not financial advice—make your own decisions when buying or selling.