Overnight market watch | Today, only one coin has a clear open-interest signal in USDT perpetuals
$PYTH has $15.6M in open interest, up 77% over 30 days, but only +9.6% in the past 24 hours. This pattern of “a gradual rise over the longer term + a small 24-hour uptick” is completely different from a high-volume breakout.
A sign that major players are quietly building positions: open interest keeps climbing while the price doesn’t move much. But we’re only seeing this in one coin, not across an entire sector, so it’s more likely to be noise.
Chasing it now will probably leave you holding the bag. This kind of coin is only suited to small, early positions while it’s still under the radar—not after it’s already taken off.
#BTC #Altcoins
$PYTH has $15.6M in open interest, up 77% over 30 days, but only +9.6% in the past 24 hours. This pattern of “a gradual rise over the longer term + a small 24-hour uptick” is completely different from a high-volume breakout.
A sign that major players are quietly building positions: open interest keeps climbing while the price doesn’t move much. But we’re only seeing this in one coin, not across an entire sector, so it’s more likely to be noise.
Chasing it now will probably leave you holding the bag. This kind of coin is only suited to small, early positions while it’s still under the radar—not after it’s already taken off.
#BTC #Altcoins