Looking only at price can make you miss half the picture. Over $CAP 1 hours, open interest is up 13.75% and price is up 22.36%. Compare the two:
Open interest rises and price rises: new longs are actively entering.
As open interest continues to increase, watch whether the funding rate rises too. What leverage level feels safe to you? Share your thoughts in the comments.
#CAP
Open interest rises and price rises: new longs are actively entering.
As open interest continues to increase, watch whether the funding rate rises too. What leverage level feels safe to you? Share your thoughts in the comments.
#CAP