Looking only at price can make you miss half the information. $HYPE 1 1-hour open interest +3.87%, price +0.84%; looking at them together:
Open interest up, price up: new longs are actively entering.
When open interest keeps piling higher, pay attention to whether the funding rate is also moving toward an extreme.
Do you place orders after checking open interest?
#HYPE
DYOR, participate rationally.
Open interest up, price up: new longs are actively entering.
When open interest keeps piling higher, pay attention to whether the funding rate is also moving toward an extreme.
Do you place orders after checking open interest?
#HYPE
DYOR, participate rationally.