🚨 Futures Alert
Ran my usual hourly scan of the perps. These stood out:
INIT: open interest +16.3% in 1h to 40.2M, funding at -0.906%.
Price +48.0% on the day, top traders' long/short at 0.98.
ONE: open interest -10.9% in 1h to 12.6M, funding at -0.148%.
Price +26.1% on the day, top traders' long/short at 1.11.
CYBER: funding at -0.124%.
Price +6.4% on the day, top traders' long/short at 1.42.
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 $CYBER
Ran my usual hourly scan of the perps. These stood out:
INIT: open interest +16.3% in 1h to 40.2M, funding at -0.906%.
Price +48.0% on the day, top traders' long/short at 0.98.
ONE: open interest -10.9% in 1h to 12.6M, funding at -0.148%.
Price +26.1% on the day, top traders' long/short at 1.11.
CYBER: funding at -0.124%.
Price +6.4% on the day, top traders' long/short at 1.42.
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 $CYBER