🚨 : Big money is pouring in, OI hits ~$713.15M!
I opened the chart this morning and was shocked: Open Interest (OI)—the total value of open positions—has reached ~$713.15M. This is a clear sign that big money is very active, pushing the price up more than +4.6% over the past 24 hours.
A slightly positive funding rate (the fee for maintaining a position) also shows that buyers have the upper hand. With OI this massive, the market is highly likely to see a major move soon. A cascade of liquidations can't be ruled out if there's a sudden swing.
What do you think—will this money push higher, or are we in for a sudden correction?
For informational purposes only, not investment advice. DYOR.
#ZEC $ZEC
I opened the chart this morning and was shocked: Open Interest (OI)—the total value of open positions—has reached ~$713.15M. This is a clear sign that big money is very active, pushing the price up more than +4.6% over the past 24 hours.
A slightly positive funding rate (the fee for maintaining a position) also shows that buyers have the upper hand. With OI this massive, the market is highly likely to see a major move soon. A cascade of liquidations can't be ruled out if there's a sudden swing.
What do you think—will this money push higher, or are we in for a sudden correction?
For informational purposes only, not investment advice. DYOR.
#ZEC $ZEC