$GTC contract is showing a pattern of rising open interest and falling prices (24h: OI +28.34% / price -14.48%). Here are a few things to watch next:
1. Whether open interest continues to rise
2. Whether the funding rate shows a clear bias in one direction
3. Whether concentrated short covering occurs during a rebound
Total positions on the platform amount to $9.64 million. I’ll follow up once one of these points becomes clear.
#GTC
1. Whether open interest continues to rise
2. Whether the funding rate shows a clear bias in one direction
3. Whether concentrated short covering occurs during a rebound
Total positions on the platform amount to $9.64 million. I’ll follow up once one of these points becomes clear.
#GTC