Just checked out a wave of contract data, and the signal $ESPORTS is pretty interesting—definitely worth discussing.
First off, looking at the price, $ESPORTS is sitting at 0.0568 USDT, and it just tanked 92.1% in 24 hours—that's a wild drop. But what's intriguing is that the open interest (OI) actually surged by 8.1%. If we break it down, it went from 12.2M all the way up to 13.2M, with funds still flowing into the market. The trading volume is off the charts, hitting 286 million USD in 24 hours; market participation is super high.
As for the funding rate, it’s at -0.059...
First off, looking at the price, $ESPORTS is sitting at 0.0568 USDT, and it just tanked 92.1% in 24 hours—that's a wild drop. But what's intriguing is that the open interest (OI) actually surged by 8.1%. If we break it down, it went from 12.2M all the way up to 13.2M, with funds still flowing into the market. The trading volume is off the charts, hitting 286 million USD in 24 hours; market participation is super high.
As for the funding rate, it’s at -0.059...