Meerab

07/29 16:39

AVAX : Are derivatives traders signaling a bullish

AVAX : Are derivatives traders signaling a bullish continuation?

Open Interest has surged over 15% in the past week, now standing at $835.44 million. This increase reflects greater capital allocation into AVAX derivatives, often indicative of rising speculative interest. 

While the uptick may strengthen the ongoing rally, it also introduces volatility risks, especially if leveraged positions unwind. 

Still, the consistent growth in Open Interest suggests confidence among traders and could amplify upside momentum if backed by spot demand.

However, if sentiment shifts quickly, this leverage could turn into a headwind.

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