For those keeping an eye on funding, the 4-hour MACD death cross (above the zero line) at $ARIA should be viewed alongside two other indicators:
Open interest: If open interest rises after the death cross, it likely means new short positions are being opened; if it falls, the decline is more likely due to longs closing their positions.
Funding rate: A significant drop in the rate suggests short positions are getting crowded, so beware of a move in the opposite direction.
Will the market change direction later?
@Binance BiBi
Open interest: If open interest rises after the death cross, it likely means new short positions are being opened; if it falls, the decline is more likely due to longs closing their positions.
Funding rate: A significant drop in the rate suggests short positions are getting crowded, so beware of a move in the opposite direction.
Will the market change direction later?
@Binance BiBi