CyberConnect (CYBER) price has recorded a remarkable rally over the past week, outperforming even the crypto top-10 like Bitcoin (BTC) and Ethereum (E
The surge aligns with up to $200.69 million in open interest, showing the expansive CYBER contracts that remain open.How does Open Interest affect cryptocurrency prices?
“The liquidation of contracts for differences — a leveraged derivative that dumps shares at the opening price if deposits fall below a certain percentage — may have accelerated the plunge and caused a snowballing of damage.” They go as far as gathering “investors” to o increase their funding. The purported investors, who are just manipulators, could be high-net-worth individuals like celebrities.
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