$HYPE The contract is showing rising open interest and a sideways price (24h: OI +13.19% / price +0.26%). Here are a few things worth watching next:
1. Whether open interest continues to rise
2. Whether the funding rate becomes one-sided
3. Which direction the price moves first
Total contract positions stand at $389 million. I’ll follow up when one of these shows a change.
#HYPE
1. Whether open interest continues to rise
2. Whether the funding rate becomes one-sided
3. Which direction the price moves first
Total contract positions stand at $389 million. I’ll follow up when one of these shows a change.
#HYPE