KSM faces mixed signals as trading interest edges higher while sellers remain active over the past day.
Derivatives activity expanding modestly
Investor interest in trading contracts rose roughly
↗1.50%
over the past day, with funding rates at approximately 0.0055% (around 6.24% annually), reflecting modest ongoing activity in derivatives markets.
Selling pressure continues
Sellers outnumbered buyers by roughly 1.7 to 1 over the past day, with cumulative selling volume reaching approximately $625 million, showing continued pressure from market participants exiting positions.
Moving sideways while peers advance
KSM moved roughly
↘1.91%
over the past day compared to Smart Contract Platform peers, and roughly
↘27.79%
over the past year relative to other platforms in the category.
Long traders facing pressure
Long position liquidations reached approximately $96 million over the past day compared to roughly $73 million in short liquidations, indicating more traders betting on price increases were forced to exit their positions.