$SOL The contract is showing a pattern of rising open interest and falling prices (24h: open interest +8.77% / price -4.74%). Here are a few things worth watching:
1. Whether open interest continues to rise
2. Whether funding rates become one-sided
3. Whether there is concentrated position covering during a rebound
Total positions on exchanges stand at $933 million. I’ll follow up once one of these points becomes clear.
#SOL
1. Whether open interest continues to rise
2. Whether funding rates become one-sided
3. Whether there is concentrated position covering during a rebound
Total positions on exchanges stand at $933 million. I’ll follow up once one of these points becomes clear.
#SOL