CASHCAT Jumps 11% as Perpetual Open Interest Climbs to $51.43M
- —Perpetual open interest for CASHCAT rose 11% to $51.43 million in 24 hours
- —Hyperliquid, Gate and Bybit account for $45.5 million, or 88% of total OI
- —Funding rate remains positive and the taker buy/sell ratio stands at 1.14
- —Perpetuals drew $11.12 million in volume, with net inflow of just $122,240
Why it matters: Rising open interest alongside price points to fresh longs, but heavy concentration on three venues raises the risk of a sharp liquidation cascade.
Source: TokenPost