$HYPE keep bringing a fairly juicy data combination: price $91.62 (slight move -0.15%), OI 4.17M, and taker buy/sell ratio at 0.60.
even though the price is relatively calm, open interest is still holding higher than it was a few hours earlier. on top of that, the Binance taker read shows sell volume (~108.9K) is more dominant than buy volume (~65.4K). the futures position is getting heavier, the price stays put, and sellers start playing more aggressively. this situation isn’t "$HYPE pumps", but more like $HYPE isn't moving much while the futures positioning keeps getting heavier.
even though the price is relatively calm, open interest is still holding higher than it was a few hours earlier. on top of that, the Binance taker read shows sell volume (~108.9K) is more dominant than buy volume (~65.4K). the futures position is getting heavier, the price stays put, and sellers start playing more aggressively. this situation isn’t "$HYPE pumps", but more like $HYPE isn't moving much while the futures positioning keeps getting heavier.