🐋 For those watching capital flows, $PUMP this 4-hour MACD death cross (below the zero axis) can be viewed together with two other things:
· Futures open interest: if open interest rises after the death cross, it may mean someone is opening new short positions; if open interest decreases, it’s more likely that the drop is caused by longs exiting.
· Funding rate: if it turns clearly negative, it means short-chasing positions are crowded, so be wary of a reversal.
Is this a signal or just noise?
#PUMP
· Futures open interest: if open interest rises after the death cross, it may mean someone is opening new short positions; if open interest decreases, it’s more likely that the drop is caused by longs exiting.
· Funding rate: if it turns clearly negative, it means short-chasing positions are crowded, so be wary of a reversal.
Is this a signal or just noise?
#PUMP