And $AGT open interest nearly tripled in dollar terms. In AGT units, the increase was closer to 27%.
At 10:02 UTC on Nov 11, #Binance AGTUSDT was up 127.59% over 24 hours and dollar open interest was up 188.66%, per Swolecharts. Divide the OI growth factor by the price growth factor and you get that 27% estimate.
Exposure grew, but higher prices did much of the work in the dollar figure. On the next pullback, watch OI in $AGT units. If that falls too, outstanding exposure is shrinking. A drop in dollar #OI alone doesn't tell you that.
At 10:02 UTC on Nov 11, #Binance AGTUSDT was up 127.59% over 24 hours and dollar open interest was up 188.66%, per Swolecharts. Divide the OI growth factor by the price growth factor and you get that 27% estimate.
Exposure grew, but higher prices did much of the work in the dollar figure. On the next pullback, watch OI in $AGT units. If that falls too, outstanding exposure is shrinking. A drop in dollar #OI alone doesn't tell you that.
