Looking only at price can make you miss a lot of information. Over 15 minutes, $BAT open interest is up 6.71%, while price is up 7.66%. Compare the two:
Rising open interest and rising price: new longs are actively entering.
If open interest keeps rising, watch to see whether the funding rate climbs too. Which side do you think will get shaken out first?
#BAT
In a volatile market, manage your risk first.
Rising open interest and rising price: new longs are actively entering.
If open interest keeps rising, watch to see whether the funding rate climbs too. Which side do you think will get shaken out first?
#BAT
In a volatile market, manage your risk first.