🐋 Mind-Blowing Open Interest Records
The real liquidity is currently concentrated in derivatives platforms, where the Open Interest volume is massive and distributed as follows:
Binance: Holding the absolute lead with a staggering Open Interest of $68.43M!
KuCoin: Coming in second at $40.62M.
BingX: At $30.30M.
Where is the price heading based on whale movements?
Having over $68 million in Open Interest on Binance alone means there are millions of retail trader dollars sitting as pending stop-loss and liquidation orders above for short sellers. Market makers won't leave this liquidity behind; instead, they will keep pushing the price higher to hunt and completely sweep these levels.
Immediate and Imminent Target: Testing and breaking the $1.89 to $1.93 range.
Next Explosive Target: Heading towards the major psychological zone at $2.00, then $2.10.
Risk Management Tip:
Don't even think about opening a Short position; this train is rushing up driven by terrifying liquidity.
The best strategy is to wait for any brief corrective dip (profit-taking) to catch Long setups in line with the whales' liquidity trend.
What do you guys think? Will we see $VELVET above $2 soon? Share your thoughts in the comments!
#VELVET #Binance #CryptoAnalysis #Liquidations #OpenInterest
The real liquidity is currently concentrated in derivatives platforms, where the Open Interest volume is massive and distributed as follows:
Binance: Holding the absolute lead with a staggering Open Interest of $68.43M!
KuCoin: Coming in second at $40.62M.
BingX: At $30.30M.
Where is the price heading based on whale movements?
Having over $68 million in Open Interest on Binance alone means there are millions of retail trader dollars sitting as pending stop-loss and liquidation orders above for short sellers. Market makers won't leave this liquidity behind; instead, they will keep pushing the price higher to hunt and completely sweep these levels.
Immediate and Imminent Target: Testing and breaking the $1.89 to $1.93 range.
Next Explosive Target: Heading towards the major psychological zone at $2.00, then $2.10.
Risk Management Tip:
Don't even think about opening a Short position; this train is rushing up driven by terrifying liquidity.
The best strategy is to wait for any brief corrective dip (profit-taking) to catch Long setups in line with the whales' liquidity trend.
What do you guys think? Will we see $VELVET above $2 soon? Share your thoughts in the comments!
#VELVET #Binance #CryptoAnalysis #Liquidations #OpenInterest