Here’s what I’m seeing on $ONE 👀
Open Interest is sitting around $14.6M, up 32.52% over the last 24 hours.
That’s a pretty big jump, so more positions are entering the market and activity around $ONE is clearly picking up.
Looking at the Long/Short data, around 53% of traders are long while roughly 47% are short on the short-term timeframes.
That makes the positioning interesting.
More traders are already leaning long, so if price keeps pushing higher, that positioning could help fuel the move. But at the same time, with longs already above 50%, I wouldn’t ignore the possibility of some profit-taking or a short-term pullback.
Volume is also picking up hard, with a huge recent spike. A lot of money is moving around $ONE right now.
Open Interest is sitting around $14.6M, up 32.52% over the last 24 hours.
That’s a pretty big jump, so more positions are entering the market and activity around $ONE is clearly picking up.
Looking at the Long/Short data, around 53% of traders are long while roughly 47% are short on the short-term timeframes.
That makes the positioning interesting.
More traders are already leaning long, so if price keeps pushing higher, that positioning could help fuel the move. But at the same time, with longs already above 50%, I wouldn’t ignore the possibility of some profit-taking or a short-term pullback.
Volume is also picking up hard, with a huge recent spike. A lot of money is moving around $ONE right now.