🚨 Futures Alert
Ran my usual hourly scan of the perps. These stood out:
INIT: funding at -1.388%.
Price +51.6% on the day, top traders' long/short at 1.04.
ONE: funding at -0.518%.
Price +21.8% on the day, top traders' long/short at 1.12.
HOT: funding at -0.104%.
Price +7.2% on the day, top traders' long/short at 1.28.
Fast OI and funding swings tend to end in a wick one way or the other. Plenty of people end up on the wrong side of those. Size carefully.
#Futures #CryptoTrading $INIT $ONE $HOT
Ran my usual hourly scan of the perps. These stood out:
INIT: funding at -1.388%.
Price +51.6% on the day, top traders' long/short at 1.04.
ONE: funding at -0.518%.
Price +21.8% on the day, top traders' long/short at 1.12.
HOT: funding at -0.104%.
Price +7.2% on the day, top traders' long/short at 1.28.
Fast OI and funding swings tend to end in a wick one way or the other. Plenty of people end up on the wrong side of those. Size carefully.
#Futures #CryptoTrading $INIT $ONE $HOT