$PENGU This decline has been accompanied by rising open interest, so short-term volatility may increase.
Current open interest: 33.70M; funding rate: -0.0003%; 15m price/open interest: -3.00% / +2.93%.
Falling prices alongside rising open interest indicate continued growth in participation, which may amplify short-term volatility.
Next, first check whether the price has stabilized, then see if the increase in open interest is slowing.
Current open interest: 33.70M; funding rate: -0.0003%; 15m price/open interest: -3.00% / +2.93%.
Falling prices alongside rising open interest indicate continued growth in participation, which may amplify short-term volatility.
Next, first check whether the price has stabilized, then see if the increase in open interest is slowing.
