Optimism News 2030: OP Holds $0.32 as Open Interest Stabilizes
Optimism (OP) stabilized around $0.32 after a derivatives flush reduced open interest, signaling a controlled trading environment.Summary
Following a reset in leveraged positioning, Optimism (OP) price action has stabilized, currently trading around $0.32 after moving from $0.323 down to $0.314 and then recovering slightly.
Open Interest (OI) dropped from 50.63M to 50.42M following an intraday flush, which suggests a reduction in excessive leverage and a move toward a more neutral derivatives structure. The price is now consolidating between $0.316 and $0.317 amid declining volatility.
Market data shows OP trading at $0.32, with a market cap of $611.21M and a 24-hour volume of $57.71M. Technical indicators on the daily chart show a flattening MACD, indicating mild momentum, while the Chaikin Money Flow (CMF) remains negative at -0.11, suggesting continued limited accumulation despite the stabilization.
(Source：Brave New Coin)