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Recently, an interesting phenomenon has been observed—significant increases in open interest often lead price reactions. Looking at the data from the past 24 hours, you can feel how aggressive the capital movement is.
WLFI has risen by 7.75%, supported by an open interest of 1.11 billion, which is already a substantial amount. FET, SEI, and VIRTUAL are also following suit by increasing their positions, with growths of 2.55%, 3.45%, and 8.67% respectively, reaching open interests of 52 million, 64 million, and nearly 70 million. Even the established ones like LINK, TAO, and LDO are gradually absorbing funds.
To be honest, compared to the price increase itself, changes in open interest reveal the true intentions more clearly. During such times, paying attention to these popular assets can often help seize many opportunities.