🐳 $PUMP : Open interest is rising while price is falling. 24-hour open interest: +61.13%; current price: 0.004257.
What I care more about is: who’s opening positions as the price drops? When price falls and open interest rises, it generally means the bears are more aggressive. The more new short positions there are—and the more crowded they become—the more fuel there is for a short squeeze in the opposite direction.
Next, let’s see whether large orders are buying or selling.
#PUMP
Just my personal perspective; it may not be accurate. Please consider it rationally.
What I care more about is: who’s opening positions as the price drops? When price falls and open interest rises, it generally means the bears are more aggressive. The more new short positions there are—and the more crowded they become—the more fuel there is for a short squeeze in the opposite direction.
Next, let’s see whether large orders are buying or selling.
#PUMP
Just my personal perspective; it may not be accurate. Please consider it rationally.