After the $SIREN crash, let's not talk about reversals just yet; we need to catch the panic first.
Open Interest (OI) is rising, indicating that players on the futures side are starting to step in. 24h -59.0%, OI 6h +10.5%.
Once the funding rate goes up, it's not that the bulls don't have a chance; the margin for error just gets smaller. Active buy orders are still there, but we need to see if it's just a short-term play.
Open Interest (OI) is rising, indicating that players on the futures side are starting to step in. 24h -59.0%, OI 6h +10.5%.
Once the funding rate goes up, it's not that the bulls don't have a chance; the margin for error just gets smaller. Active buy orders are still there, but we need to see if it's just a short-term play.