Here’s my honest take: while checking contract data today, I noticed $S : open interest was up +100.45% over 15 minutes and is now at $7.48 million.
The price is also rising (+0.55%), which suggests new longs are entering. I usually check the funding rate next—if it’s still normal, this move looks pretty solid.
Which side are you on?
#S
The price is also rising (+0.55%), which suggests new longs are entering. I usually check the funding rate next—if it’s still normal, this move looks pretty solid.
Which side are you on?
#S