PumpGlass

Your open interest chart is probably lying to you. Most dashboards show OI in dollars. In dollars, OI moves with price: price goes up, OI goes up, and it looks like new money came in. Often nobody opened anything. Real example, $AKE: - Price almost doubled in one evening - OI in dollars: up more than 50% - OI in contracts: down 17% The dollar chart showed money flowing in. The contracts chart showed positions closing. The move ran on short liquidations, not new buyers. Read it in dollars and you get the exact opposite of what happened. This is why PumpGlass counts OI in contracts, combined across major exchanges. Free, no signup. We wrote a full guide on reading it properly: the 4 price/OI combos, 5 setups where OI actually helps, and the mistakes most traders make. pumpglass.com/learn/how-to-r… The map below shows where OI was opened or closed across the market today.

ethereum:0xc477b6dfd26ec2460b3b92de18837fd476ea7549 price has been flat at 0.0019 for two days. Open interest grew 70% in the same two days. Nobody is leaving this chart. Shorts keep adding and sit 49% in profit. Longs are not closing either, their size is at a two-week high. Almost no liquidations. Both sides are stacking into a price that does not move. Longs have little left to lose. Shorts have a lot.

$AKE spiked to 0.018 and liquidated about $600K in shorts within minutes. Whales sold right into it. Long exits hit their biggest bars of the whole move on that wick, over $1M in a single 15-minute candle. Open interest keeps falling after the spike, so no new money is coming in. Price is back at 0.0137.

solana:4i5muJFFaTX7a6u9QhpZYs8Q1BwwCU4jSuRxAwuSHELL is up 80% in a day, and the crowd went from 73% long to majority short over the week. Positioning now: - Long whales: $2.51M, avg entry $0.0334, in profit - Short whales: $1.72M, avg entry $0.0349 - Crowd: 52% short, whales 59% long Price sits right on the short whales’ entry. Holding above $0.0349 keeps them in loss with liquidations stacked near $0.038. Losing it brings the longs’ $0.0334 into play.

$AKE has a thick wall of sell orders stacked right above price, from 0.0135 to 0.0155. Until that wall gets eaten, the upside looks capped here.

$AKE long whales are sitting on +$12M in unrealized profit, and 93% of them are in the green. Their average entry is 0.0062, half of current price. The crowd is only 32% long. If whales start taking that profit, it can drag price down fast.

$ZEC update: a $5.7M bid wall was placed at ~$851, right on top of the largest liquidation zone below price, about $15.5M at $855-866. Levels around price: - Below: bids and liquidations stacked at $851-866, about 6% away - Above: a $4.2M sell wall at ~$945, then $12.7M in liquidations at ~$1,034

$AKE more than $1M in shorts got liquidated in the last two hours. Price keeps climbing while open interest falls. Positions are closing, not opening. Forced short exits are doing the buying, and it looks like retail shorts are the ones getting flushed. Once those liquidations dry up, the move loses its fuel. Watch for open interest to stop falling.

$AKE broke the $744K wall at 0.0050 and doubled to 0.0100. Long whales now sit on +$2.9M in unrealized profit. Short whales did not back off: their size grew from $6.1M to $15.7M since this morning. Price is pressing a $226K ask right at that level. The bigger test is the $496K wall at 0.0110, with short liquidations stacked around it.

$Q has a $424K sell wall sitting just 3% above price. It showed up right after the rejection and has held for 4 hours. Behind it are the short whales’ average entry, about 6% up, and short liquidation clusters 10-16% up. If the wall gets absorbed, price runs into the liquidations. If it holds, short whales stay in profit.