📣 Notcoin (NOT) Forms Bullish Divergence, Challenges Ahead
In the past, Open Interest (OI) was one of the factors that did NOT help support its uptrend. As commonly said, OI measures speculative activity in the market. An increase in this indicator implies an increase in liquidity allocated to contracts in the derivatives market
On the other hand, a decrease implies an increase in closed positions. At the time of writing, Notcoin's open interest is $143.08 million. Six days ago the value was $163.60 million, meaning that $20 million worth of contracts have been closed.
