Looking only at price can mean missing a lot of information. $IOST 15-minute open interest: +5.53%; price: +8.59%. Viewed together:
Open interest up, price up: new longs are actively entering.
As open interest continues to rise, watch whether the funding rate is also moving toward extreme levels. What leverage level is safe? Let’s talk in the comments.
#IOST
Open interest up, price up: new longs are actively entering.
As open interest continues to rise, watch whether the funding rate is also moving toward extreme levels. What leverage level is safe? Let’s talk in the comments.
#IOST