Looking only at price can cause you to miss a lot of information. $BLUAI 15-minute open interest: +12.36%; price: +23.34%. Viewed together:
Open interest rising, price rising: new longs are entering.
If open interest continues to increase, watch whether the funding rate also moves toward extreme levels. How much leverage is appropriate? Leave a comment and let's discuss.
#BLUAI
Open interest rising, price rising: new longs are entering.
If open interest continues to increase, watch whether the funding rate also moves toward extreme levels. How much leverage is appropriate? Leave a comment and let's discuss.
#BLUAI