🚨 Futures Alert: not sure what to make of these
Not much I trust in this market, but the positioning data doesn't lie. Here's what jumped out:
INIT: funding at -0.911%.
Price +46.6% on the day, top traders' long/short at 1.07.
HOT: funding at -0.142%.
Price +2.4% on the day, top traders' long/short at 1.35.
SOL: 351K liquidated in 1h (mostly longs).
Price -2.0% on the day, top traders' long/short at 2.24.
Data's just data. Still, I'd keep leverage low around these.
#Futures #CryptoTrading $INIT $HOT $SOL
Not much I trust in this market, but the positioning data doesn't lie. Here's what jumped out:
INIT: funding at -0.911%.
Price +46.6% on the day, top traders' long/short at 1.07.
HOT: funding at -0.142%.
Price +2.4% on the day, top traders' long/short at 1.35.
SOL: 351K liquidated in 1h (mostly longs).
Price -2.0% on the day, top traders' long/short at 2.24.
Data's just data. Still, I'd keep leverage low around these.
#Futures #CryptoTrading $INIT $HOT $SOL