Objectively speaking, while looking over the derivatives data just now, I noticed $GTC : open interest is up 11.86% over 15 minutes and now stands at $9.77 million.
The price is also rising (+0.6%), which looks like new longs are adding to their positions. I usually check the funding rate next; if it’s not overheated, this move looks fairly solid.
Let’s keep an eye on what happens next.
The price is also rising (+0.6%), which looks like new longs are adding to their positions. I usually check the funding rate next; if it’s not overheated, this move looks fairly solid.
Let’s keep an eye on what happens next.