ATOM Open Interest Jumps as Funding Stays Negative
Switching gears, ATOM has the biggest positioning shift of the day. ATOM jumped 3.90 percent on price, but open interest surged almost 29 percent, that's a huge influx of new risk. Funding remains negative, so the lean is against longs.…
Switching gears, ATOM has the biggest positioning shift of the day.
ATOM jumped 3.90 percent on price, but open interest surged almost 29 percent, that's a huge influx of new risk. Funding remains negative, so the lean is against longs. Vol is also in the 95th percentile, making it the most volatile coin on the board right now. If price holds above 1.95, bulls might keep control. Below 1.95, the risk is a quick unwind.
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