$OPEN followed the classic script ==== opened LOW, climbed HIGH:😵😵 If you’re shorting here, it might be a painful ride ............. looks like market makers are steering the ship..
After dipping to around $0.8 from its initial peak, it bounced back hard to $1.64, putting its FDV at $1.64B 😂
As the “top influencer of Xiaohongshu Web3 AI projects”, with backing from Polychain and Stanford University, maybe this one really has some chops?
Current #BinanceFutures data shows:
Open interest: 10.51M #open (approx. $17.26M)
Longs slightly ahead of shorts overall
But whales are leaning a bit heavier on the short side.
NOTE:
NFA, DYOR always.