$HYPE The contract is showing a combination of declining open interest and rising prices (24h: open interest -9.68% / price +3.08%). Here are a few things to watch next:
1. Whether open interest continues to decline
2. Whether the funding rate becomes one-sided
3. Whether new longs enter after short covering is complete
Total contract positions stand at $385 million. I’ll update when one of these changes.
#HYPE
1. Whether open interest continues to decline
2. Whether the funding rate becomes one-sided
3. Whether new longs enter after short covering is complete
Total contract positions stand at $385 million. I’ll update when one of these changes.
#HYPE