Tag: open interest
Ethereum price analysis: $385M in ETH exits exchanges in 24 hours as open interest balloons to $34B
Spot buyers drained exchanges while derivatives traders loaded $34 billion in bets – somebody’s going to be wrong Nobody trusted this rally two days ago. Sellers dumped 164,000 ETH onto exchanges during a 14% climb – textbook distribution into strength, the kind of move that usually signals smart money is cashing out while retail chases…
Written by
Enjin rallied 180% from its all-time low – now $307M a day is flowing into a $93M token
The gaming token that touched rock bottom five weeks ago just attracted more daily volume than most top-50 coins. Enjin hit its all-time low five weeks ago. Now traders are pouring $307 million a day into a token with a $93 million market cap. Something doesn’t add up – or it adds up perfectly, depending…
Written by
Ethereum price analysis: $1.1B vanishes from ETH futures – and the rally just started
A derivatives flush wiped overleveraged shorts and flipped funding rates bullish for the first time in five days. One point one billion dollars in Ethereum open interest — the total value of active futures bets — disappeared between April 1 and April 2. The price didn’t crash. It rallied. ETH climbed to $2,136 on April…
Written by
