Open interest change: HYPE futures open interest increased by 19.4% in 24 hours, while the price barely moved
Rising open interest only indicates an increase in leveraged positions; it doesn’t tell you on its own whether new positions are long or short. You need to consider the price direction, funding rate, and subsequent liquidations together.
Open interest shows how crowded the market is; price shows the direction.
Related market: $HYPE
Rising open interest only indicates an increase in leveraged positions; it doesn’t tell you on its own whether new positions are long or short. You need to consider the price direction, funding rate, and subsequent liquidations together.
Open interest shows how crowded the market is; price shows the direction.
Related market: $HYPE