Just sharing an honest observation: while checking the futures data today, I noticed $RSR : open interest is up 215.55% in the past hour and currently stands at $8.13 million.
The price is also rising (+51.11%), which looks like new longs are adding to their positions. I usually check the funding rate next—if it’s still normal, this rally seems healthy.
What do you think?
The price is also rising (+51.11%), which looks like new longs are adding to their positions. I usually check the funding rate next—if it’s still normal, this rally seems healthy.
What do you think?