Looking only at price can mean missing half the information. $XAN 15-minute open interest +9.42%, price +11.62%. Compare them side by side:
Open interest up, price up: new longs are entering.
When open interest continues to rise, watch whether the funding rate is also moving toward extremes. How much leverage do you usually use?
#XAN
Open interest up, price up: new longs are entering.
When open interest continues to rise, watch whether the funding rate is also moving toward extremes. How much leverage do you usually use?
#XAN