$GMX and $DYDX rarely come up in the same conversation, yet both are doing something worth noticing today.
Over the past 24 hours $GMX moved -1.68% while $DYDX printed -12.75%. That spread is where the money actually went, not where the noise says it went.
They share the same corner of the market: perps DEXs competing for the same traders. When two names in one sector split like this, it tends to mark the start of a rotation rather than the end of one.
Worth keeping on the watchlist: $GMX around 8.2 and $DYDX around 0.11974. No calls here, just the numbers as they stand.
Curious how others are reading this pair right now.
$GMX $DYDX #GMX #DYDX #Crypto #BinanceSquare #Altcoins
Over the past 24 hours $GMX moved -1.68% while $DYDX printed -12.75%. That spread is where the money actually went, not where the noise says it went.
They share the same corner of the market: perps DEXs competing for the same traders. When two names in one sector split like this, it tends to mark the start of a rotation rather than the end of one.
Worth keeping on the watchlist: $GMX around 8.2 and $DYDX around 0.11974. No calls here, just the numbers as they stand.
Curious how others are reading this pair right now.
$GMX $DYDX #GMX #DYDX #Crypto #BinanceSquare #Altcoins