My finger hovered over the OPG buy button for three seconds, but I didn’t press it. That runner-up gain looks impressive, but trading volume is only 11.2M. Chase it or stay out? I’m torn.
A gain driven by a thin order book? Chasing it just means paying for liquidity—that’s not a trend. OPG is at 0.1372 right now, up sharply over the past hour, but it’s still stuck in a hole on the weekly chart, barely off its weekly low. MUB, meanwhile, is one of the few names on today’s leaderboard showing real volume—at least there are faint signs of money flowing in. But the Fear and Greed Index is at 28; single-digit gains at the top of the leaderboard are doing all the heavy lifting, and volume is generally unimpressive. There’s no follow-through in spot, while open interest on the leveraged side is surging in the shadows despite extremely negative funding rates. This is a basing phase in a narrative vacuum. Anyone mistaking a thin-book pump for a trend can foot the bill.
If it drops below 0.12, I’ll take back what I said and admit I was wrong. You treat the thin-book runner-up like a treasure; I’m using it as bait—whether you bite is up to you, but the hook’s already set. Old-timers who followed OPG, are you still holding? Show your position size.