$AKE futures show a combination of rising open interest and sideways price action (24h: OI +22.8% / price +1.48%). Here are a few things worth watching next:
1. Whether open interest continues to rise
2. Whether the funding rate shows a clear bias in either direction
3. Which way price breaks out of the range
Total futures positions stand at $10.28 million. I’ll follow up once we have an answer to any of these questions.
Just my personal view; I may be wrong, so take it with caution.
1. Whether open interest continues to rise
2. Whether the funding rate shows a clear bias in either direction
3. Which way price breaks out of the range
Total futures positions stand at $10.28 million. I’ll follow up once we have an answer to any of these questions.
Just my personal view; I may be wrong, so take it with caution.