🐋 For those of you tracking the money flow, the daily MACD bullish crossover above the zero line for $OP is worth looking at alongside two other things:
· Futures open interest: If open interest rises along with the crossover, it may signal new positions entering the market. If it falls, the rebound is more likely driven by shorts closing their positions.
· Funding rate: A sudden spike in the rate suggests longs are getting crowded, so watch out for a possible reversal.
What are your reasons for being bullish or bearish?
#OP
This is for reference only. Make your own decisions.
· Futures open interest: If open interest rises along with the crossover, it may signal new positions entering the market. If it falls, the rebound is more likely driven by shorts closing their positions.
· Funding rate: A sudden spike in the rate suggests longs are getting crowded, so watch out for a possible reversal.
What are your reasons for being bullish or bearish?
#OP
This is for reference only. Make your own decisions.