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$BEAT Accelerating the baton, but chasing gains becomes heavier
The top spot changes from NIL to BEAT
Not the same coin continuing to rise
It's a rotation of hot spots completing switching
Trading volume of $588 million is impressive
Open interest reaches $33.43 million
Up 76.2% in 24 hours
Indicating new positions are still pouring in
Fee rate shifts from negative to positive at 0.0259%
And the long positions are paying for 8 periods
Indicating the longs are starting to crowd in
If it breaks below 1.20, open interest will decrease accordingly
Or if the fee rate continues to rise but the price stays flat
The trend may turn around
$BEAT Is this a relay, or a trap?