Looking only at price can make you miss half the picture. $Q 1-hour open interest is up 5.27%, while price is down 2.62%. Put together:
Open interest up, price down: new shorts are entering.
If open interest keeps piling up, watch whether the funding rate rises too. Have you ever been caught by a sudden wick?
#Q
Open interest up, price down: new shorts are entering.
If open interest keeps piling up, watch whether the funding rate rises too. Have you ever been caught by a sudden wick?
#Q
