When I first got into crypto, I only looked at price. Later, I learned to look at it alongside futures open interest. $AKE is a good example:
Looking only at the candlestick chart, you might think new money was coming in, with a 41.32% gain over 24 hours. But comparing it with open interest, which fell 12.11%, suggests that shorts were probably closing their positions.
Do you usually keep an eye on open interest?
#AKE
Looking only at the candlestick chart, you might think new money was coming in, with a 41.32% gain over 24 hours. But comparing it with open interest, which fell 12.11%, suggests that shorts were probably closing their positions.
Do you usually keep an eye on open interest?
#AKE
