🚨 : $89.66M OI and liquidation risk? Whales are making big moves!
This morning, I was startled to see Open Interest (OI—the total value of open positions) for reach nearly $89.66 million. That’s an astonishing figure, showing that significant capital is flowing in and whale positions are piling up.
fell 4.3% over the past 24 hours. Combined with such sky-high OI, this puts enormous pressure on the Long side (those betting that the price will rise). The funding rate (the fee for maintaining a position) is slightly negative, further reinforcing that the Short side (those betting that the price will fall) has the upper hand.
A liquidation cascade could absolutely happen if continues to slide. This is when the market “eats” both sides, especially the Long side, which is under pressure.
For informational purposes only, not investment advice. DYOR.
#PUMP #BinanceSAFUFundTransferCompleted7499BTC $PUMP
This morning, I was startled to see Open Interest (OI—the total value of open positions) for reach nearly $89.66 million. That’s an astonishing figure, showing that significant capital is flowing in and whale positions are piling up.
fell 4.3% over the past 24 hours. Combined with such sky-high OI, this puts enormous pressure on the Long side (those betting that the price will rise). The funding rate (the fee for maintaining a position) is slightly negative, further reinforcing that the Short side (those betting that the price will fall) has the upper hand.
A liquidation cascade could absolutely happen if continues to slide. This is when the market “eats” both sides, especially the Long side, which is under pressure.
For informational purposes only, not investment advice. DYOR.
#PUMP #BinanceSAFUFundTransferCompleted7499BTC $PUMP
