The market seems quiet, but open interest data tells a different story!
Total open interest on Binance stands at $34.86 billion and has declined by 1.38% over the past 24 hours. Despite this, trading volume has surpassed $74 billion. $BTC still holds the top spot (10.83B), with $ETH right behind at 9.53B. SOL, XAU, and $ZEC are also among the standout names.
The real action is on the altcoin side. Open interest (OI) increases over 5- and 30-minute timeframes are at notable levels for pairs like HBAR, AIOT, CYPH, CVX, and INTW. HBAR, in particular, has seen a rise of over 14%. Meanwhile, SNOW and SOON are experiencing short-term pullbacks.
This picture indicates that large capital is being selective and that position accumulation is accelerating in certain assets.
Looking at the historical futures OI data, the trend is volatile but remains at high levels. The market is still active, and the potential for volatility persists.
#Binance #crypto #CryptoNews #bullish #short
Total open interest on Binance stands at $34.86 billion and has declined by 1.38% over the past 24 hours. Despite this, trading volume has surpassed $74 billion. $BTC still holds the top spot (10.83B), with $ETH right behind at 9.53B. SOL, XAU, and $ZEC are also among the standout names.
The real action is on the altcoin side. Open interest (OI) increases over 5- and 30-minute timeframes are at notable levels for pairs like HBAR, AIOT, CYPH, CVX, and INTW. HBAR, in particular, has seen a rise of over 14%. Meanwhile, SNOW and SOON are experiencing short-term pullbacks.
This picture indicates that large capital is being selective and that position accumulation is accelerating in certain assets.
Looking at the historical futures OI data, the trend is volatile but remains at high levels. The market is still active, and the potential for volatility persists.
#Binance #crypto #CryptoNews #bullish #short
