OG hit No. 1 on the trending chart, but spot trading volume for the day was only 140K U.
Bitcoin broke below 80K early this morning Beijing time, dropping to 79,990, while OG is still stuck around 2.59. Its 24-hour high and low differ by only 3 cents.
On 10/22, when it plunged to 2.532, trading volume was still 820K U. Today’s volume is less than 20% of that. Futures open interest is around 670K tokens, worth $1.73 million, and the funding rate is near zero.
I couldn’t find any new positive catalysts. With volume not coming back, I’m sitting this one out for now.
$OG
#OG
Bitcoin broke below 80K early this morning Beijing time, dropping to 79,990, while OG is still stuck around 2.59. Its 24-hour high and low differ by only 3 cents.
On 10/22, when it plunged to 2.532, trading volume was still 820K U. Today’s volume is less than 20% of that. Futures open interest is around 670K tokens, worth $1.73 million, and the funding rate is near zero.
I couldn’t find any new positive catalysts. With volume not coming back, I’m sitting this one out for now.
$OG
#OG