Everyone Is Expecting Another Crazy Pump on $ESPORTS , But the Data Is Telling Us Something Interesting
So guys, let’s look at the latest data on #ESPORTS .
First, look at the Open Interest. $ESPORTS Open Interest is around $10.3M, up 99.18% in the last 24 hours. This shows a significant increase in open futures positions.
Now, look at the Long/Short Ratio. Around 73–74% of traders are long, while only 26–27% are short. This means most traders are expecting the price to move higher.
Next, funding rates. Binance is showing +0.074%, while Bybit is at -0.0313%. Funding is mixed across exchanges.
Volume is also worth watching. We are not seeing strong volume activity compared to the previous spikes.
So, what might happen next?
With around 74% of traders already positioned long, I would be careful about expecting another crazy pump. $ESPORTS could move a little higher, but if buying pressure remains weak, we could see a 20–30% correction as traders take profits.
NFA. DYOR.
So guys, let’s look at the latest data on #ESPORTS .
First, look at the Open Interest. $ESPORTS Open Interest is around $10.3M, up 99.18% in the last 24 hours. This shows a significant increase in open futures positions.
Now, look at the Long/Short Ratio. Around 73–74% of traders are long, while only 26–27% are short. This means most traders are expecting the price to move higher.
Next, funding rates. Binance is showing +0.074%, while Bybit is at -0.0313%. Funding is mixed across exchanges.
Volume is also worth watching. We are not seeing strong volume activity compared to the previous spikes.
So, what might happen next?
With around 74% of traders already positioned long, I would be careful about expecting another crazy pump. $ESPORTS could move a little higher, but if buying pressure remains weak, we could see a 20–30% correction as traders take profits.
NFA. DYOR.
