Noorr
07/20 11:22
Some investors appear to be trimming their positions in anticipation of a correction.
Over the past four days, spot market participants have sold approximately $2.17 million worth of HNT, per CoinGlass data.
This selling trend is reflected in a consistent green histogram, indicating sustained outflows. The derivatives market mirrors this behavior.
Open Interest has climbed 4% to $7.34 million, showing an increase in trading activity.
However, the Long-to-Short ratio favors sellers, implying that most of the $364,000 in added liquidity over the past 24 hours came from short positions.
Trading volume has declined 10% even as price rose, typically a red flag for bullish momentum. A rally without rising volume suggests the move lacks strength, raising the risk of a breakdown.
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