Looking only at price can mean missing a lot of information. $CKB 15-minute open interest +4.27%, price +2.23%. Putting them together:
Open interest up, price up: new longs are entering.
If open interest keeps piling up, watch whether the funding rate rises along with it. Who do you think will crack first, the bulls or the bears?
#CKB
Open interest up, price up: new longs are entering.
If open interest keeps piling up, watch whether the funding rate rises along with it. Who do you think will crack first, the bulls or the bears?
#CKB