🚨 $1.73 billion USD in OI is pouring in—could a big move be coming?
Honestly, seeing this morning’s on-chain data for gave me a shock. Nearly $1.73 billion USD in Open Interest is piling in, while the price has dropped almost 7% in 24 hours. The whales are definitely making waves.
Funding rates are neutral, but the pressure from this massive amount of OI could push the market into an intense liquidation cascade. Which side is sitting on profits, and which is sitting on losses? It’s hard to say.
I know these numbers can make us anxious, but remember, this isn’t investment advice. If you were looking at right now, which side would you take?
#HYPE $HYPE
Honestly, seeing this morning’s on-chain data for gave me a shock. Nearly $1.73 billion USD in Open Interest is piling in, while the price has dropped almost 7% in 24 hours. The whales are definitely making waves.
Funding rates are neutral, but the pressure from this massive amount of OI could push the market into an intense liquidation cascade. Which side is sitting on profits, and which is sitting on losses? It’s hard to say.
I know these numbers can make us anxious, but remember, this isn’t investment advice. If you were looking at right now, which side would you take?
#HYPE $HYPE
