Quick update, everyone: while reviewing contract data today, I noticed $HMSTR : open interest is up 14.8%, currently at $2.54 million.
The price is rising too (+8.51%), which suggests new longs are adding to their positions. I usually keep an eye on the funding rate next; if it isn't overheated, this move looks pretty healthy.
What would you do?
The price is rising too (+8.51%), which suggests new longs are adding to their positions. I usually keep an eye on the funding rate next; if it isn't overheated, this move looks pretty healthy.
What would you do?
