$ICNT 15-minute open interest increased by 4.25%, while the price rose by 4.13%.
When open interest swings sharply, keep an eye on funding rates too. If rates are heavily skewed in one direction, watch out for a shakeout in the opposite direction.
Unusual moves are often followed by a period of consolidation. The way the market consolidates determines which direction the next move takes.
When open interest swings sharply, keep an eye on funding rates too. If rates are heavily skewed in one direction, watch out for a shakeout in the opposite direction.
Unusual moves are often followed by a period of consolidation. The way the market consolidates determines which direction the next move takes.