🐋 For those watching the money flows, $FIL ’s 4-hour MACD golden cross (below the zero line) is worth comparing against two things:
· Futures open interest: If it rises alongside the golden cross, it usually means new long positions are entering; if it falls, the rise is more likely driven by shorts closing.
· Funding rate: If it suddenly turns positive, long positions may be getting crowded, so watch out for a sharp reversal wick.
How do you interpret these figures?
#FIL
· Futures open interest: If it rises alongside the golden cross, it usually means new long positions are entering; if it falls, the rise is more likely driven by shorts closing.
· Funding rate: If it suddenly turns positive, long positions may be getting crowded, so watch out for a sharp reversal wick.
How do you interpret these figures?
#FIL