Open interest over $NIL 1 hours rose 11.52%, while the price rose 3.07%.
When open interest swings sharply, funding rates are also worth watching. If funding is heavily skewed in one direction, watch out for a shakeout in the opposite direction.
I’ll use the consolidation range before the unusual move as the dividing line: it only counts if price holds outside the range.
When open interest swings sharply, funding rates are also worth watching. If funding is heavily skewed in one direction, watch out for a shakeout in the opposite direction.
I’ll use the consolidation range before the unusual move as the dividing line: it only counts if price holds outside the range.