Just a quick note: while reviewing futures data today, I noticed $CAP : 15-minute open interest is up 6.34%, currently at $23.24 million.
The price is also rising (+8.73%), suggesting new long positions are entering. I usually check the funding rate next; if it's still normal, this rally looks fairly healthy.
I'll keep monitoring it.
The price is also rising (+8.73%), suggesting new long positions are entering. I usually check the funding rate next; if it's still normal, this rally looks fairly healthy.
I'll keep monitoring it.