OPEN INTEREST JUST SPIKED 8% IN LESS THAN 24 HOURS. The biggest derivatives surge since May. And May's derivative driven pump ended exactly how these always end. A violent flush back to where it started. This is speculation. Not conviction. Not spot demand. Not institutional accumulation. Pure leveraged speculation flooding the market in 24 hours. When excess builds this fast the market has one historical response. It removes the excess. Violently. Stay cautious. The worst decisions in crypto are always made in moments exactly like this one.
Crypto TiceShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.