For those keeping an eye on capital flows, the 4-hour MACD death cross for $LINK (below the zero line) is worth watching alongside two other indicators:
Contract open interest: If open interest rises after the death cross, it could mean new short positions are opening. If it falls, the pullback is more likely due to longs closing out.
Funding rate: If it quickly turns negative, that suggests traders are piling into shorts—so watch out for a sudden move in the opposite direction.
What would you do?
Just chatting—this is not financial advice.
Contract open interest: If open interest rises after the death cross, it could mean new short positions are opening. If it falls, the pullback is more likely due to longs closing out.
Funding rate: If it quickly turns negative, that suggests traders are piling into shorts—so watch out for a sudden move in the opposite direction.
What would you do?
Just chatting—this is not financial advice.