RUNE’s rally has attracted buyers, but not every exchange is seeing open interest rise. Over the past 24 hours, RUNE gained 5.36% to $0.6766, while total derivatives open interest rose 3.65% to $14.78 million. The price and open interest are rising together, indicating that bulls are indeed entering the market, but the momentum is not yet out of control.
By exchange, open interest rose 7.5% on Binance and 6.75% on Hyperliquid, while MEXC saw a 12.49% decline. This is not a market-wide rush to buy; it looks more like funds shifting between platforms. Binance still accounts for 28.46% of total open interest, making it the largest share for now.
For short-term traders, the key is not to chase every rally, but to watch whether the increase in open interest continues to spread. If open interest keeps rising and the price holds near $0.67, the move may have room to continue. If the price stalls while open interest drops quickly, the buyers who chased the rally may be exiting.
Do you think this move in RUNE is the start of a rally, or just a round of rotation?
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