Derivatives, too, jump into action Notably, as sp

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.