Crypto futures volume jumped 51% in 24 hours. Open interest barely moved.
Volume: about $168.1B
Open interest: about $134.9B, slightly lower
Translation: lots of fast in-and-out trading, very little fresh conviction. Traders are scalping the midterm headlines, not building new positions.
That usually means the next real move starts when OI starts climbing again. Watch that, not just price.
With $BTC hovering near $77K and $ETH near $2.3K, which breaks first: OI rising or $76K failing?
Not financial advice.
#Bitcoin #Futures #Midterms #CryptoMarket
Volume: about $168.1B
Open interest: about $134.9B, slightly lower
Translation: lots of fast in-and-out trading, very little fresh conviction. Traders are scalping the midterm headlines, not building new positions.
That usually means the next real move starts when OI starts climbing again. Watch that, not just price.
With $BTC hovering near $77K and $ETH near $2.3K, which breaks first: OI rising or $76K failing?
Not financial advice.
#Bitcoin #Futures #Midterms #CryptoMarket