This is kind of interesting. Over the past 24 hours, $PEPE has seen open interest decline while the price has risen.
The price went up even though positions fell, so it wasn't driven by new long positions entering—that's just my guess. In my view, such a sudden change in open interest could mean increased volatility ahead. Don't chase the hype.
#PEPE
Just my personal opinion—take it with a grain of salt. This is not advice.
The price went up even though positions fell, so it wasn't driven by new long positions entering—that's just my guess. In my view, such a sudden change in open interest could mean increased volatility ahead. Don't chase the hype.
#PEPE
Just my personal opinion—take it with a grain of salt. This is not advice.
