I'll use the high before the news came out as the dividing line: holding above it is bullish; falling back below is bearish.
Take this one: a whale's $107 million HYPE long position is sitting on over $53 million in unrealized profit.
Whether open interest is increasing or decreasing shows how derivatives traders are viewing it.
$HYPE Current price: 77.82, down 0.92% on the day.
Take this one: a whale's $107 million HYPE long position is sitting on over $53 million in unrealized profit.
Whether open interest is increasing or decreasing shows how derivatives traders are viewing it.
$HYPE Current price: 77.82, down 0.92% on the day.