TRX is the market's odd one out today.
$TRX slid roughly 8% to about $0.30 over 24 hours (Whale Radar), while $BTC held near $77.5K and $ETH near $2,250. Meanwhile Lighter (LIT) led gainers at about +13%.
Open interest on the TRX move fell 17.5%, which suggests traders were closing positions rather than piling into fresh shorts. Funding also turned slightly negative.
My take: a drop on shrinking open interest often looks more like an exit than a new bearish bet, but it can still run further in thin weekend liquidity.
Are you treating the $TRX dip as a flush to watch, or staying clear until volume confirms?
#TRON #Altcoins #CryptoMarket
Not financial advice.
$TRX slid roughly 8% to about $0.30 over 24 hours (Whale Radar), while $BTC held near $77.5K and $ETH near $2,250. Meanwhile Lighter (LIT) led gainers at about +13%.
Open interest on the TRX move fell 17.5%, which suggests traders were closing positions rather than piling into fresh shorts. Funding also turned slightly negative.
My take: a drop on shrinking open interest often looks more like an exit than a new bearish bet, but it can still run further in thin weekend liquidity.
Are you treating the $TRX dip as a flush to watch, or staying clear until volume confirms?
#TRON #Altcoins #CryptoMarket
Not financial advice.