$S 1-hour open interest increased by 10.37%, while the price rose by 3.47%.
When open interest swings sharply, keep an eye on the funding rate too. If the rate is heavily skewed in one direction, watch out for liquidations in the opposite direction.
Volume and price need to move in sync for the signal to be convincing; an unusual move in a single candlestick doesn’t tell you much.
#S
When open interest swings sharply, keep an eye on the funding rate too. If the rate is heavily skewed in one direction, watch out for liquidations in the opposite direction.
Volume and price need to move in sync for the signal to be convincing; an unusual move in a single candlestick doesn’t tell you much.
#S