🐳 $Lobster: positions are declining, prices are rising, 24-hour open interest -17.89%, current price 0.04305.
What’s worth thinking about is: who is buying when the price goes up? When price rises and positions fall, it often means the main buying comes from short covering; once the buying is done, it’s gone. A real rally needs newly opened long positions to take over.
Next to watch: which side the funding rate leans toward.
#龙虾
How to act is up to you; I’m just recording this.
What’s worth thinking about is: who is buying when the price goes up? When price rises and positions fall, it often means the main buying comes from short covering; once the buying is done, it’s gone. A real rally needs newly opened long positions to take over.
Next to watch: which side the funding rate leans toward.
#龙虾
How to act is up to you; I’m just recording this.