CAP jumps 23% as short traders lose 12x more than longs
- —Open Interest rose $6.16 million to $32 million
- —Funding Rate stands at 0.0050%
- —Shorts lost $99,300 versus $8,260 for longs in 24 hours
- —Trading volume surged 450% to $126 million
Why it matters: Heavy short losses and rising Open Interest signal strong bullish pressure, though the Funding Rate remains only mildly positive.
Source: AMBCrypto