Crypto Express

07/09 01:46

Investors empty wallets on VIC crypto

Perpetual investors have emerged as the primary force behind VIC’s rally, injecting $26 million into the market and pushing Open Interest up by over 550% in just 24 hours, according to CoinGlass.

Open Interest, which tracks the total number of unsettled perpetual contracts, reflects heightened activity in the market when it rises. At the time of writing, it had reached $152.41 million, an all-time high for VIC.

Price momentum further accelerated as trading volume surged over 1,000% to $3.82 billion, reinforcing the strength of the rally.

Supporting this trend, the Taker Buy/Sell Ratio climbed to 1.101 within the same period, indicating more aggressive buying than selling in the perpetual market, another sign of building bullish pressure.

The spot market also played a role, albeit a smaller one, with $344,000 worth of VIC accumulated for long-term holding. While modest, this marked a record high for VIC spot purchases.

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73Paylaş