$KORU Q3 results are out, with revenue of $11.6 million. The headline only gives revenue; I haven't seen profit, guidance, or how the results compare with market expectations yet.
The market has already reacted: Binance perpetuals are down 4.2% over 24 hours, while OI is up 4.3% over 6 hours. Prices are falling while open interest is rising, which looks like some traders are buying while others are pushing the price down; there's no evidence yet of a broad consensus to exit.
I'm in no rush to call the direction at this point. We need the earnings call or official guidance to fill in the details on profit and the gap versus expectations before we have solid evidence. If both trading volume and OI contract from here, this wave of attention isn't holding up, and I'll treat it as a routine earnings reaction.
The market has already reacted: Binance perpetuals are down 4.2% over 24 hours, while OI is up 4.3% over 6 hours. Prices are falling while open interest is rising, which looks like some traders are buying while others are pushing the price down; there's no evidence yet of a broad consensus to exit.
I'm in no rush to call the direction at this point. We need the earnings call or official guidance to fill in the details on profit and the gap versus expectations before we have solid evidence. If both trading volume and OI contract from here, this wave of attention isn't holding up, and I'll treat it as a routine earnings reaction.
