AXS jumps 13% but volume drops 5% as selling pressure builds
- —AXS rose 13% in 24 hours while volume fell 5% to $146 million
- —Spot netflow turned positive at $1.23 million, signaling net selling
- —Perpetual funding rate dropped to -0.0565% with $48.12 million OI
- —Mindshare climbed to 26%, sentiment index at 5.46 out of 10
Why it matters: A price rally on falling volume and rising short positioning suggests weak momentum, raising the risk of a pullback as traders take profit.
Source: AMBCrypto