Looking only at price can make you miss a lot of information. $BIRB 15-minute open interest: +4.22%; price: +4.52%. Taken together:
Rising open interest and rising prices: new longs are entering.
When open interest keeps building, watch whether the funding rate is rising in tandem. How much leverage do you usually use?
Rising open interest and rising prices: new longs are entering.
When open interest keeps building, watch whether the funding rate is rising in tandem. How much leverage do you usually use?
