Open interest on hyperliquid has been trending upwards during this range, and we can actually derive which side was the dominant side, based on the liquidation layers. If mostly leveraged longs open, you'd expect the liquidation layers to the downside to increase. If mostly shorts open, the reverse should happen. I have found this method to be much more reliable than just guessing. It is easy to project our own bias while guessing.
Karl 📚🧮Share
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