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$CROSS Retail investors are 58% long, and you tell me, who is building the position with a 24.2% surge in open interest? Retail investors?
Come on, retail investors don't have that much capital; this is clearly smart money entering the market.
The price has risen 19.6%, and the open interest is rising in sync. This kind of volume and price movement is a signal that the big players are pushing the market.
I already entered around 0.13 myself, with a stop loss at 0.1104, not at a round number to prevent being stopped out prematurely.
The initial target is 0.159; once half of the profit is taken, I’ll keep the rest for a lottery-style shot at 0.188.
This kind of move is a typical smart money accumulation pattern, with open interest increasing, price rising, and 14 million in volume—all three indicators pointing in the same direction.
The big players’ intention to push the market is already very clear.
Funding rate at 0.005% is still neutral, indicating that the bullish sentiment hasn't gone crazy and there’s room to continue upward.
Don’t over-leverage; take some profits when you can, and don’t hesitate!