📈 Dealer activity｜Something’s going on. Positions were piled up two days ago, and the price is only just starting to move properly today
📊 Open interest (4H) -8.0%
Price (24H) +3.6%
Current price 0.15589
Range 0.13831-0.17963
💡 Open interest rose 703% over two days, yet today the price volatility only just pulled up to 29.9%. The people who established the position did it almost two days earlier than those chasing the price
In the past four hours, this batch of positions has started to withdraw again
The overall market is up 1.67%, but this specific asset is down 1.129%—a gap of 2.8 percentage points
In the same batch of observations, BMT is behaving the same way: positions fall while price rises
🎯 The ones who opened the position and the ones chasing the price now are not the same group of people
Watch the 0.13831-0.17963 range
Next question: will open interest keep dropping for a while, or will it quickly stabilize and rebound
⚠️ Personal opinion only—does not constitute any investment advice
$BTR $BMT $4
📊 Open interest (4H) -8.0%
Price (24H) +3.6%
Current price 0.15589
Range 0.13831-0.17963
💡 Open interest rose 703% over two days, yet today the price volatility only just pulled up to 29.9%. The people who established the position did it almost two days earlier than those chasing the price
In the past four hours, this batch of positions has started to withdraw again
The overall market is up 1.67%, but this specific asset is down 1.129%—a gap of 2.8 percentage points
In the same batch of observations, BMT is behaving the same way: positions fall while price rises
🎯 The ones who opened the position and the ones chasing the price now are not the same group of people
Watch the 0.13831-0.17963 range
Next question: will open interest keep dropping for a while, or will it quickly stabilize and rebound
⚠️ Personal opinion only—does not constitute any investment advice
$BTR $BMT $4