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Crypto 259

06/01 16:04

Amid bullish sentiment, caution still looms On th

Amid bullish sentiment, caution still looms

On the derivatives side, traders are still cautious.B3E422F4-85BE-467D-8835-4567F53F9716-768x219.png

As of the 30th of May, the Long/Short Ratio showed sellers made up 54.8% of volume, while longs held 45.2%.

That imbalance signals short-term bearishness.

Having said that, the Open Interest-Weighted Funding Rate has remained positive and continued trending upward, indicating that bullish contracts still dominate despite near-term selling055CE60C-1582-4818-9F9A-47A6A8B465AB-768x225.png

However, this optimism contrasts with investor sentiment in the spot market, which has plunged, as shown on the chart72BDCFF9-E0DC-476B-8CC0-6905EE0B20A3-768x559.png
This suggests that spot investors are less willing to hold FARTCOIN, and those who are still holding may exit their positions if the price continues to fall.
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