$OP is showing a combination of rising open interest and sideways price action (24 hours: OI +30.41% / price -1.06%). Here are a few things worth watching next:
1. Will open interest keep rising?
2. Will funding rates show a clear bias in either direction?
3. Which way will the price break out of the range?
Total futures positions are worth $23.7 million. I’ll post an update once we have an answer to one of these.
#OP
1. Will open interest keep rising?
2. Will funding rates show a clear bias in either direction?
3. Which way will the price break out of the range?
Total futures positions are worth $23.7 million. I’ll post an update once we have an answer to one of these.
#OP