$NVDA open interest on an on-chain perp venue: $535M, up 5.8x in 7 days.

First reported Nov 12, 2026, 10:40 UTC

Source reports

• $NVDA open interest on an on-chain perp venue: $535M, up 5.8x in 7 days. 9,517 wallets. 83% long. Market makers hold 70% of short OI. Before calling it a signal, ask who's on the other side, and why. What's the first thing you'd check on PHEMEX AI? — @Phemex_official (X), Nov 12, 2026, 10:40 UTC

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