🐋 For those tracking money flows, you can compare this daily MACD golden cross (above the zero line) at $CAP with two things:
· Contract open interest: If open interest rises along with the golden cross, it most likely means new positions are entering; if it falls, the rebound is more likely driven by short covering.
· Funding rate: A rapid rise in the rate suggests long positions are getting crowded, so watch out for a reversal.
Do you think this is the beginning or the end?
· Contract open interest: If open interest rises along with the golden cross, it most likely means new positions are entering; if it falls, the rebound is more likely driven by short covering.
· Funding rate: A rapid rise in the rate suggests long positions are getting crowded, so watch out for a reversal.
Do you think this is the beginning or the end?