Looking only at price can make you miss half the picture. Over 15 minutes, open interest is up 132% while price is down 0.14%—put them together: $ACE
Rising open interest with a sideways price means both bulls and bears are adding to their positions.
As open interest continues to rise, watch whether the funding rate moves toward an extreme. Which side do you think will get flushed out first?
Rising open interest with a sideways price means both bulls and bears are adding to their positions.
As open interest continues to rise, watch whether the funding rate moves toward an extreme. Which side do you think will get flushed out first?