3 Altcoins Experienced the Highest Level of Deleveraging in the Market!
These projects saw the largest drop in Open Interest on Exchanges. This is what the Long-Term OI Trend metric indicates. This metric measures the variation in Open Interest from 4 hours to 1 week. It is highly effective for medium and long-term trends and also indicates the level of interest in leverage. It is calculated from the combined average variation of (4h + 24h + 2d + 3d + 7d) / 5.
When the level of a cryptocurrency drops significantly, it is a strong indicator that traders have lost interest or there have been mass liquidations. However, it can also be seen as a strategic opportunity for accumulation, as these tokens tend to lose strength during subsequent declines.
The altcoins are:
STMX (StormX): A token for cashback in cryptocurrencies and rewards for online purchases on the StormX platform.
DAR (Mines of Dalarnia): A token used in the Mines of Dalarnia game, an adventure and exploration game based on blockchain technology.
XAI (XAI Games): A token from XAI Games, a platform that uses blockchain technology to offer innovative gaming experiences and rewards.
đ§ Please consider this analysis as informational and not financial advice!
Twitter: Alphractal
