maartunn
Volatility incoming: futures traders opened new positions ๐จ
Bitcoin price increased 4% recently. On this pump open Interest increased with $615million in just a few hours. This will likely result in volatility! To make a guess on which side this Open Interest is added, usually we can take a look at Funding Rates. However, Funding Rates don't give a clear signal. Funding Rates are almost neutral. This means that long and short-traders are almost in balance. Leverage added to both sides (long and short) and will increase volatility in the near term!