Honestly, while reviewing contract data just now, I noticed $RED : open interest is up +30.93% over 15 minutes, currently at $4.18 million.
The price is rising in sync (+4.05%), suggesting new longs are entering. I usually check the funding rate next; if it’s not overheated, this move looks fairly healthy.
What’s your first impression?
The price is rising in sync (+4.05%), suggesting new longs are entering. I usually check the funding rate next; if it’s not overheated, this move looks fairly healthy.
What’s your first impression?