$ICNT 1-hour open interest rose 14.77%, while the price climbed 6.8%.
When open interest makes an unusual move, keep an eye on the funding rate too. If funding is heavily skewed in one direction, watch out for a liquidation squeeze in the opposite direction.
I don't try to predict tops or bottoms; I adjust based on the signals the market structure gives me.
When open interest makes an unusual move, keep an eye on the funding rate too. If funding is heavily skewed in one direction, watch out for a liquidation squeeze in the opposite direction.
I don't try to predict tops or bottoms; I adjust based on the signals the market structure gives me.