The $BTW contract is showing a combination of declining open interest and rising prices (24 hours: open interest -21.45% / price +13.01%). Keep an eye on these points:
1. Whether open interest continues to decline
2. Whether funding rates show a clear bias in either direction
3. Whether new longs enter after short covering ends
Total positions in the market amount to $117 million. I’ll follow up when one of these indicators changes.
1. Whether open interest continues to decline
2. Whether funding rates show a clear bias in either direction
3. Whether new longs enter after short covering ends
Total positions in the market amount to $117 million. I’ll follow up when one of these indicators changes.