🚨 : $155.57M in OI pours in—who’s making a big bet?
I checked the charts this morning and was stunned: Open Interest (the total value of open positions) has surged to a whopping $155.57M! 😮 Clearly, some whales are making big moves, even as the price is down 4.3% over the past 24 hours.
The slightly positive funding rate suggests that Longs (bets on the price going up) still have the upper hand, but selling pressure is significant too. With this much money flowing in, a big move is surely coming. I’m wondering whether this is a compressed Long position ready to break upward, or whether Shorts are quietly waiting for a major liquidation event.
Honestly, these numbers have me on edge. If it were you, given ’s massive OI, which side would you lean toward?
For informational purposes only—not investment advice. DYOR.
#PUMP $PUMP
I checked the charts this morning and was stunned: Open Interest (the total value of open positions) has surged to a whopping $155.57M! 😮 Clearly, some whales are making big moves, even as the price is down 4.3% over the past 24 hours.
The slightly positive funding rate suggests that Longs (bets on the price going up) still have the upper hand, but selling pressure is significant too. With this much money flowing in, a big move is surely coming. I’m wondering whether this is a compressed Long position ready to break upward, or whether Shorts are quietly waiting for a major liquidation event.
Honestly, these numbers have me on edge. If it were you, given ’s massive OI, which side would you lean toward?
For informational purposes only—not investment advice. DYOR.
#PUMP $PUMP