$ONG：A sudden spike of unusual trading volume caught my attention—I watched it for a while.
In the past few hours, the volume has been 2.1 times the usual level.
Price: 0.0914, 24h +51.4%.
This kind of volume can’t be generated by retail traders.
Big money is definitely moving behind the scenes.
But what are they doing?
It’s still unclear for now.
Open interest (OI) is up 6.6%, funding rate is -0.126%.
There are two possibilities.
First:
Big money is building a position—OI rises in sync, and a directional breakout may follow.
Second:
Big money is distributing—OI falls in sync, and after the volume gets absorbed, the price may drop instead.
So I’m asking myself one question right now:
If I were that big player, what would I most want retail traders to do here?
Many times, the answer is right in the order book.
I’m only waiting for two levels:
Break above 0.1569, with volume still increasing → then follow.
Break below 0.0804, with OI rising again → go bearish.
Volume moves first—wait for price to give the answer.
Are you watching this coin?
Click the small card below to quickly check the market 👇
In the past few hours, the volume has been 2.1 times the usual level.
Price: 0.0914, 24h +51.4%.
This kind of volume can’t be generated by retail traders.
Big money is definitely moving behind the scenes.
But what are they doing?
It’s still unclear for now.
Open interest (OI) is up 6.6%, funding rate is -0.126%.
There are two possibilities.
First:
Big money is building a position—OI rises in sync, and a directional breakout may follow.
Second:
Big money is distributing—OI falls in sync, and after the volume gets absorbed, the price may drop instead.
So I’m asking myself one question right now:
If I were that big player, what would I most want retail traders to do here?
Many times, the answer is right in the order book.
I’m only waiting for two levels:
Break above 0.1569, with volume still increasing → then follow.
Break below 0.0804, with OI rising again → go bearish.
Volume moves first—wait for price to give the answer.
Are you watching this coin?
Click the small card below to quickly check the market 👇