The $PUMP contract is showing rising open interest and a falling price (24h: OI +61.13% / price -15.74%). Here are a few things to watch next:
1. Will open interest continue to rise?
2. Will the funding rate become one-sided?
3. Will short covering emerge during a rebound?
Total contract positions stand at $139 million. I’ll follow up once we have an answer to any of these questions.
1. Will open interest continue to rise?
2. Will the funding rate become one-sided?
3. Will short covering emerge during a rebound?
Total contract positions stand at $139 million. I’ll follow up once we have an answer to any of these questions.