#NOT Can the Air Force get meat so much?
Not surprisingly, it is fully circulated after all!
NOT is up 51.6% in the past 24 hours, with daily trading volume soaring 307% to a staggering $1.1 billion.
NOT total open interest increased by 61% in the past day, from $115 million to $185 million. When an asset's open interest suddenly increases, it's common to see higher price volatility due to increased liquidations.
Total funding rates aggregated by NOT plunged from 0.001% to minus 0.02% in the past 24 hours, according to data from the market intelligence platform. The move shows a significant increase in open interest on the asset and an increase in short trading positions.
Simply put, there has been a significant increase in the volume of bets on the price of NOT falling. The NOT Relative Strength Index (RSI) surged from 52 to 62 in the past day. This indicator shows that NOT is slightly overbought at this price point and the likelihood of whale profits is high. For NOT to remain in bullish territory, its RSI needs to drop below 50.
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