🐋 $184.52M in OI flows into LIT—what’s next?
I opened the price board this morning and was surprised to see Open Interest (OI)—the total number of open positions—at a whopping $184.52M! Big money is very active here, pushing the price up +4.5% in 24 hours.
High OI often signals that a big move is coming. Longs and shorts are battling it out—who will come out on top? The funding rate is slightly positive, suggesting that longs have a slight edge.
Looking at this activity, I can’t help wondering whether this is the start of a new rally, or just a “trap” to liquidate overconfident positions. This is just my personal opinion, not investment advice, everyone.
If it were you, would you watch from the sidelines or join the whales’ game?
#LIT $LIT
I opened the price board this morning and was surprised to see Open Interest (OI)—the total number of open positions—at a whopping $184.52M! Big money is very active here, pushing the price up +4.5% in 24 hours.
High OI often signals that a big move is coming. Longs and shorts are battling it out—who will come out on top? The funding rate is slightly positive, suggesting that longs have a slight edge.
Looking at this activity, I can’t help wondering whether this is the start of a new rally, or just a “trap” to liquidate overconfident positions. This is just my personal opinion, not investment advice, everyone.
If it were you, would you watch from the sidelines or join the whales’ game?
#LIT $LIT