Crypto Express

07/18 03:01

FARTCOIN : Derivatives, too, jump into action

Notably, as speculative traders rushed into the market, their appetite for futures positions also increased significantly.

At the time of writing, Fartcoin’s Open interest (OI) soared 28.52% to $1.01 billion, while Derivatives Volume jumped 89.48% to $3.79 billion. 

When OI and Volume soar alongside each other, it signals growing participation in the futures market. As a result, Long Short Ratio spiked to 1.0149, reflecting a higher demand for long positions. 

Often, when demand for longs surges, it implies that traders are actively betting on prices to rise. 

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