When I first got into crypto, I only looked at price. Later, I got used to checking it alongside futures open interest. $AGT is a good example today:
Looking only at the candlestick chart, the 24-hour gain of 69.86% might make you think new money is coming in. But comparing it with open interest, which fell by 10.52%, suggests it was probably short covering.
Do you usually check open interest data too?
Looking only at the candlestick chart, the 24-hour gain of 69.86% might make you think new money is coming in. But comparing it with open interest, which fell by 10.52%, suggests it was probably short covering.
Do you usually check open interest data too?