🚨 Futures Alert: positioning got weird this hour
Most of the board is quiet, but these few perps are moving in a way worth a second look:
INIT: funding at -1.013%.
Price +52.9% on the day, top traders' long/short at 0.93.
ONE: open interest +11.7% in 1h to 11.2M, funding at -0.239%.
Price +15.6% on the day, top traders' long/short at 1.35.
ON: open interest -11.7% in 1h to 12.1M.
Price -18.3% on the day, top traders' long/short at 1.52.
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 $ON
Most of the board is quiet, but these few perps are moving in a way worth a second look:
INIT: funding at -1.013%.
Price +52.9% on the day, top traders' long/short at 0.93.
ONE: open interest +11.7% in 1h to 11.2M, funding at -0.239%.
Price +15.6% on the day, top traders' long/short at 1.35.
ON: open interest -11.7% in 1h to 12.1M.
Price -18.3% on the day, top traders' long/short at 1.52.
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 $ON