🚨 Futures Alert: not sure what to make of these
Not much I trust in this market, but the positioning data doesn't lie. Here's what jumped out:
INIT: open interest -9.2% in 1h to 34.0M, funding at -1.096%.
Price +48.3% on the day, top traders' long/short at 0.95.
ONE: open interest +18.9% in 1h to 13.6M, funding at -0.548%.
Price +24.7% on the day, top traders' long/short at 1.16.
SOL: 2.0M liquidated in 1h (mostly longs).
Price -1.7% on the day, top traders' long/short at 2.26.
Funny how the quiet charts are the ones that get loud right when everyone's leverage is stacked. Numbers above, your call.
#Futures #CryptoTrading $INIT $ONE $SOL
Not much I trust in this market, but the positioning data doesn't lie. Here's what jumped out:
INIT: open interest -9.2% in 1h to 34.0M, funding at -1.096%.
Price +48.3% on the day, top traders' long/short at 0.95.
ONE: open interest +18.9% in 1h to 13.6M, funding at -0.548%.
Price +24.7% on the day, top traders' long/short at 1.16.
SOL: 2.0M liquidated in 1h (mostly longs).
Price -1.7% on the day, top traders' long/short at 2.26.
Funny how the quiet charts are the ones that get loud right when everyone's leverage is stacked. Numbers above, your call.
#Futures #CryptoTrading $INIT $ONE $SOL