🚨 $1.61B OI on , what are the whales up to?
It’s genuinely startling to see Open Interest (the total value of open positions) on surge to $1.61 billion. Big money is pouring into $HYPE strongly, while the price has fallen nearly 3.7% over the past 24 hours.
This suggests considerable selling pressure, but at the same time, some traders may be trying to catch the bottom or accumulate. The funding rate (the fee for maintaining a position) is still slightly positive, suggesting that longs (buyers betting on a rise) have a small advantage. But with price movements like these, no one can be sure what will happen next.
Honestly, I’m quite curious about what the whales will do next. Market sentiment is very tense right now, and a major liquidation could trigger even sharper price swings. What do you think about the current situation with ?
For informational purposes only, not investment advice. DYOR.
#HYPE
It’s genuinely startling to see Open Interest (the total value of open positions) on surge to $1.61 billion. Big money is pouring into $HYPE strongly, while the price has fallen nearly 3.7% over the past 24 hours.
This suggests considerable selling pressure, but at the same time, some traders may be trying to catch the bottom or accumulate. The funding rate (the fee for maintaining a position) is still slightly positive, suggesting that longs (buyers betting on a rise) have a small advantage. But with price movements like these, no one can be sure what will happen next.
Honestly, I’m quite curious about what the whales will do next. Market sentiment is very tense right now, and a major liquidation could trigger even sharper price swings. What do you think about the current situation with ?
For informational purposes only, not investment advice. DYOR.
#HYPE