Injective Jumps 10% as Open Interest Hits $164M on ETF Filings
- —INJ rose 10% on October 10, with the Taker Buy/Sell Ratio at 1.14
- —Open interest climbed $34.88 million to $164.24 million in 24 hours
- —The OI-weighted funding rate was positive at 0.0160%, with longs paying shorts
- —Cumulative spot netflow was about -$1.6 million over five days
Why it matters: Rising open interest and pending ETF filings could sustain demand, but the rally's durability depends on buyers holding beyond the initial move.
Source: AMBCrypto