Just a quick observation: while looking through contract data today, I noticed $DOOD : open interest is up 5.01% over the past hour, currently at $17.01 million.
The price is also rising (+0.86%), which suggests new longs are adding to their positions. I usually check the funding rate next—if it’s still normal, this move looks pretty healthy.
What indicators do you usually watch?
The price is also rising (+0.86%), which suggests new longs are adding to their positions. I usually check the funding rate next—if it’s still normal, this move looks pretty healthy.
What indicators do you usually watch?