$PUMP 1 hours: open interest increased by 57.2%; price rose by 0.54%.
I think when the price rises and open interest increases, it means longs are adding to their positions.
When open interest moves sharply, I usually check the funding rate too.
I think when the price rises and open interest increases, it means longs are adding to their positions.
When open interest moves sharply, I usually check the funding rate too.