Caldera #ERAAnalysis
🔍 Analysis of $ERA today
OI is down ~10.8%: Traders are closing positions, signaling reduced interest or profit-taking in ERA futures.
Negative funding rate (~–0.03%): Shorts are paying longs, indicating a bearish tilt in market sentiment. This suggests there are more shorts than longs, and bearish sentiment is growing.
In perpetual futures:
🔸 Rising OI + falling price — strong bearish trend.
🔹 Declining OI + falling price — indicates liquidation or position closing but continued bearish pressure.
