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$EDEN Deceleration handover first
The biggest anomaly is not the increase in price
It's the top spot changing from NIL to EDEN
25.3% still with $634M in trading volume
Open interest rising from $12.5M to $24.7M
Indicating new positions continue to flow in
1-hour open interest from -1.2% to +3.5%
Fee rate from -0.0075% to +0.005%
Shorts paying fees switch to longs paying fees
But the long position ratio drops from 46% to 39%
If the premium continues to be negative
And open interest increases while price doesn't break new highs
It's like someone is buying at high levels
$EDEN Is this a breakout in turnover, or a trap to lure in buyers?