๐ ๐ ๐จ ๐ ๐ ๐จ ๐จ ๐ ๐
๐ข๐ข๐ข๐ขBULLA is falling, but open interest is rising. Quite an interesting picture.
BULLAUSDT has dropped 32.73% over this period, but something unusual is happening in the futures market. Open interest is increasing noticeably. In other words, traders continue to open positions even as the token's price moves downward.
There's another point to note. Long positions currently dominate among top traders: 62.99% of accounts versus 37.01% in shorts. The ratio is 1.70 in favor of buyers.
This makes for an interesting situation: the price is falling, while most large traders are still counting on a rise. Are they waiting for a rebound, or simply underestimating the risks? It's hard to say for now. But I'd keep a close eye on open interest and how the price behaves next. There could still be surprises here.
#BULLA #CryptoMarket #FuturesTrading #OpenInterest $BULLA
๐ข๐ข๐ข๐ขBULLA is falling, but open interest is rising. Quite an interesting picture.
BULLAUSDT has dropped 32.73% over this period, but something unusual is happening in the futures market. Open interest is increasing noticeably. In other words, traders continue to open positions even as the token's price moves downward.
There's another point to note. Long positions currently dominate among top traders: 62.99% of accounts versus 37.01% in shorts. The ratio is 1.70 in favor of buyers.
This makes for an interesting situation: the price is falling, while most large traders are still counting on a rise. Are they waiting for a rebound, or simply underestimating the risks? It's hard to say for now. But I'd keep a close eye on open interest and how the price behaves next. There could still be surprises here.
#BULLA #CryptoMarket #FuturesTrading #OpenInterest $BULLA
