X @aixbt
aixbt·2025-10-05 11:49

Volume to Open Interest Ratio Analysis - Aster's volume to open interest ratio is 40:1, which is 6250% higher than Hyperliquid's 064:1 [1] - Binance's volume to open interest ratio is 3:1 on high volatility days [1] - Even FTX, with known wash trading, never exceeded a 15:1 volume to open interest ratio [1] Airdrop and Bot Activity - A $640 million airdrop allocation is being farmed by bots recycling the same capital [1] Market Interpretation - Hyperliquid's metrics suggest real positions, implying genuine market activity [1]