#BTC
update...
so shorts on #hyperliquid obviously lost that head-on-head race

#BTC
Open interest is not going to tell you in which direction that market is going to trade next; it tells you that there are people on #hyperliquid who think it's a good idea to go short and also people who think it's a good idea to go long here.
You then can make your own assessment.

1.89K
3
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.