The $VTHO 4 hourly trend has moved pretty regularly, but the fake one is doing a lot of smashing.
The past couple of days I was watching the support around 0.0006. As a result, the low dipped to 0.00062, then it rebounded and directly surged to 0.001183. Now it’s back at 0.000746.
The short-term capital is still very active. Yesterday, the VTHO futures open interest increased by as much as 10%, reaching about $10.9 million, with an OI/market cap ratio of 12.8%. Meanwhile, the spot market’s 24-hour gain at one point exceeded 60%, and the trading volume even surpassed its own market cap.
At this point, don’t chase. If it can’t break up, then consider a short position in the near term. If there’s a breakout with volume, there may still be another push higher.
Also, pay close attention to contract positions: if the price keeps rising but OI starts dropping quickly, it suggests the capital may be withdrawing—then you should start guarding against a pullback in the short term.
The past couple of days I was watching the support around 0.0006. As a result, the low dipped to 0.00062, then it rebounded and directly surged to 0.001183. Now it’s back at 0.000746.
The short-term capital is still very active. Yesterday, the VTHO futures open interest increased by as much as 10%, reaching about $10.9 million, with an OI/market cap ratio of 12.8%. Meanwhile, the spot market’s 24-hour gain at one point exceeded 60%, and the trading volume even surpassed its own market cap.
At this point, don’t chase. If it can’t break up, then consider a short position in the near term. If there’s a breakout with volume, there may still be another push higher.
Also, pay close attention to contract positions: if the price keeps rising but OI starts dropping quickly, it suggests the capital may be withdrawing—then you should start guarding against a pullback in the short term.
