CAP plunges 19% in a day, but longs and spot outflows hint at a rebound
- —CAP dropped about 19% in 24 hours amid persistent selling pressure
- —Funding rate of 0.0182% shows longs still dominate the perpetual market
- —Spot netflow of -$682,000 suggests investors are accumulating
- —Daily liquidations hit $1.03 million, including $602,930 in shorts
Why it matters: If positive funding and spot outflows persist, crowded shorts could unwind and drive a near-term rebound in CAP.
Source: AMBCrypto