Looking only at price can make you miss a lot of information. $STBL 1-hour open interest: +16%; price: -0.45%. Compare the two:
Open interest up, price down: new short positions are entering.
As open interest continues to rise, watch whether the funding rate is also moving toward extremes. Would you dare to trade in this market?
Open interest up, price down: new short positions are entering.
As open interest continues to rise, watch whether the funding rate is also moving toward extremes. Would you dare to trade in this market?