$FHE The data from the past hour is pretty explosive!
The open interest on a major exchange surged by 10.3%, while the price skyrocketed 30% in the past hour. The current open interest has reached $10.2 million, with an OI/market cap ratio as high as 70.4%—this ratio indicates a highly active market participation.
Looking at the 24-hour data, the price has increased by 26.6%, which is indeed a strong momentum.
However, it's important to note that $FHE currently has a market cap of only $13 million, making it a small-cap token with relatively high volatility. Such simultaneous spikes in open interest and price usually mean that funds are rapidly building positions or FOMO sentiment is strong, but you should also watch out for a potential pullback.
In the short term, keep an eye on changes in open interest. If it continues to grow along with price increases, the trend may persist; but if OI starts to decline while the price stalls, be wary of long positions taking profits.
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BearMarketBard
· 16h ago
Small altcoins are surging so fiercely, it looks like a profitable opportunity but also beware of liquidation.
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OI soaring along with a sharp increase, this rhythm seems to be eating people alive.
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70.4% OI ratio... This is a either big profit or heavy loss scenario.
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Small coins with a market cap of 13 million playing with leverage? Forget it, too risky.
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A 30% one-hour increase sounds great, but has the story of long positions taking over ended?
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This kind of rise is usually a test of funds, don’t be fooled into it.
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I'll watch if OI continues to grow; if it starts to decline, it’s a sign to take profits.
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Large fluctuations in small coins are exciting, but the fear of liquidation is even greater.
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A 10.3% increase in OI combined with a sharp price surge, some people are definitely building positions wildly.
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Beware of the risk of a pullback—this saying is reasonable, don’t be too greedy.
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SnapshotLaborer
· 12-09 18:16
That's how small-cap coins are—shooting to the moon can happen in an instant.
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GasGoblin
· 12-09 18:14
Damn, this OI/market cap ratio of 70.4% is pretty intense. That's how it is with small coins—a single wave can wipe people out completely.
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BridgeTrustFund
· 12-09 18:14
The surge in small-cap coins this round is insane, even the apes are about to go to the moon... This OI/market cap ratio of 70.4% is really wild.
Wait, $10.2 million in open interest compared to a $13 million market cap? That ratio is a bit scary.
With frequent contract rug pulls, it's safer to wait for a pullback before entering.
A 30% pump in an hour is usually followed by a dump; there’s no such thing as invincible longs.
For these kinds of coins, it’s all about who exits first. I’ll just stay on the sidelines and watch for now.
$FHE The data from the past hour is pretty explosive!
The open interest on a major exchange surged by 10.3%, while the price skyrocketed 30% in the past hour. The current open interest has reached $10.2 million, with an OI/market cap ratio as high as 70.4%—this ratio indicates a highly active market participation.
Looking at the 24-hour data, the price has increased by 26.6%, which is indeed a strong momentum.
However, it's important to note that $FHE currently has a market cap of only $13 million, making it a small-cap token with relatively high volatility. Such simultaneous spikes in open interest and price usually mean that funds are rapidly building positions or FOMO sentiment is strong, but you should also watch out for a potential pullback.
In the short term, keep an eye on changes in open interest. If it continues to grow along with price increases, the trend may persist; but if OI starts to decline while the price stalls, be wary of long positions taking profits.