Fantom’s Funding Rates have increased to a weekly high, suggesting that more traders are taking long positions.
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A certain class of holders are capitalizing on favorable market conditions to book profits.
More than 90% of the open ADA positions on Binance are long positions.
A look at the large transaction volumes for SHIB shows that buying pressure from whales has waned.
The spike in large transactions and exchange inflows suggests that DOGE is in a distribution phase.
The daily Ethereum active addresses have jumped to 30% after the recent price gains.
FTM transactions exceeding $100,000 have jumped 1,000% from 4.38M to 50.78M.
Besides buying pressure from short traders, Solana-based memecoins could also drive gains.
The average MOG investor is sitting on an unrealized profit of 173%.
There is a high number of DOT long traders on Binance with a long/short ratio of 4.37.