📋 Data: $SIREN ｜1-hour position value +78.73%｜Price +6.51%
· What it is: Position value equals the number of coins held × the price, so it rises when the price goes up. Changes in the number of coins held are a better indicator of whether new positions have actually been opened.
· How to read it: A rapid drop in positions often occurs after sharp volatility, indicating that some leverage has been flushed out. Volatility may then cool off.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule.
· What it is: Position value equals the number of coins held × the price, so it rises when the price goes up. Changes in the number of coins held are a better indicator of whether new positions have actually been opened.
· How to read it: A rapid drop in positions often occurs after sharp volatility, indicating that some leverage has been flushed out. Volatility may then cool off.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule.