Just sharing a quick observation: while checking contract data today, I noticed $ONE : open interest is up 6.38% over 15 minutes and is now $5.44 million.
The price is also rising (+3.93%), which looks like new longs are adding to their positions. I usually check the funding rate next; if it’s still normal, this move seems fairly solid.
If you see it differently, let’s discuss in the comments.
#ONE
I could be wrong, so don’t copy what I do.
The price is also rising (+3.93%), which looks like new longs are adding to their positions. I usually check the funding rate next; if it’s still normal, this move seems fairly solid.
If you see it differently, let’s discuss in the comments.
#ONE
I could be wrong, so don’t copy what I do.