🔥 Futures activity alert 20:56

MINA has fallen this much, yet people are still adding to their positions. Something’s off.

📊 Data
4-hour change in futures open interest: +12.3%
24-hour price change: -25.17%
Latest price: 0.0958600
24-hour low: 0.0953800
24-hour trading volume: 105.58 million USDT
Share of accounts long: 42.7%

💡 What’s going on?
The price fell 25.17% in a day. Normally, you’d expect some futures positions to be closed, but instead, open interest rose 12.3% in just 4 hours.
Long accounts make up only 42.7%, so there are more people on the short side. Much of the new money is probably chasing the downside.
The latest price, 0.0958600, is right near the intraday low of 0.0953800, and there’s still been no meaningful rebound.
Trading volume is 105.58 million USDT. This isn’t an inactive market nobody’s touching—there are plenty of people in there going head-to-head.

🎯 How to read this
Short positions are still being added as the price falls, so the crowded side is the shorts. Chasing the move lower here isn’t a great risk-reward trade, and DCA investors have even less reason to follow the day’s sentiment.
Watch zone: 0.0953800–0.1288800
Invalidation level: 0.1288800
Check the candlestick chart and open interest for yourself—don’t rely on just these numbers.
This is shared for informational purposes only and is not investment advice.

🔍 Others in the same batch: GRIFFAIN, CAP

$MINA $GRIFFAIN $CAP