Here’s my honest take: while reviewing the contract data just now, I noticed $ONE : open interest is up 4.08% over 15 minutes, currently at $4.81 million.
The price is also rising (+6.75%), which suggests new longs are adding to their positions. I usually check the funding rate next; if it’s still normal, this move looks pretty solid.
What do you think?
#ONE
The price is also rising (+6.75%), which suggests new longs are adding to their positions. I usually check the funding rate next; if it’s still normal, this move looks pretty solid.
What do you think?
#ONE