$HEMI: Suddenly an unusual surge in trading volume appeared, and I watched it for a while.

In the past few hours, the trading volume was 3.3 times the usual.

Price: 0.0087, up 31.6% in 24 hours.

This kind of volume isn’t something retail traders can generate.

There must be big money moving behind the scenes.

But what are they doing?

It’s still unclear for now.

Open interest is up 11.5%, and the funding rate is 0.005%.

There are two possibilities.

First:
Big money is building a position; OI rises in sync, and a directional breakout should follow.

Second:
Big money is distributing; OI falls in sync, and after the volume is absorbed, the price may drop instead.

So I’m asking myself a question right now:

If I were that big player, what would I most want retail traders to do here?

Very often, the answer is right in the order book.

I’m only waiting for two levels:

Break above 0.0090, and volume is still there → follow.
Drop below 0.0069, and OI rebounds → bearish.

Let volume move first; wait for price to give the answer.

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