Price has plunged nearly a quarter, while open interest has swung the other way, climbing by over 10%.
· $SIREN 24 hours: -24.40%, tumbling from the previous low at 0.03002; the structure flipped on the spot.
· 1-hour open interest: +14.0%, now around $10.19 million — new short positions entering, or old longs refusing to admit defeat.
· The bearish gap overhead at 0.02533–0.02545 remains unfilled; this sharp drop tore open right there.
The more aggressively open interest rises, the more it looks like fuel is being stockpiled for the next one-way move, with the direction most likely still following the downtrend.
· $SIREN 24 hours: -24.40%, tumbling from the previous low at 0.03002; the structure flipped on the spot.
· 1-hour open interest: +14.0%, now around $10.19 million — new short positions entering, or old longs refusing to admit defeat.
· The bearish gap overhead at 0.02533–0.02545 remains unfilled; this sharp drop tore open right there.
The more aggressively open interest rises, the more it looks like fuel is being stockpiled for the next one-way move, with the direction most likely still following the downtrend.