Dozens of Altcoins are shifting the trend, as Short-Term Open Interest Trend is negative, indicating that aggregate Open Interest timeframes of 5, 15, 30, and 1 hour are declining in the short term. This demonstrates that Large traders (Whales) are closing their positions in ANKR, PENDLE, OM, ROSE, LEVER, SATS, PHB, AMB, BAKE, among others, which could lead to forced liquidations in many cases.
Additionally, we have added these altcoins to the Correlation heatmap to assess moments when the correlation turns negative with #Bitcoin, meaning times when the volatility in these projects does not follow the movement of Bitcoin's price, which can hinder traders' analysis. These usually occur when Bitcoin is ranging or in a pre-pump and dump movement.
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