Markets· ★★· bearish·

ATOM Falls 5.01% to $1.518 as Open Interest Drops 5.13%

  • —ATOM trades at $1.518 on Binance, down 5.01% in 24 hours
  • —ATOMUSDT perpetual open interest fell 5.13%
  • —Funding rate is negative at -0.0072% per 8 hours
  • —Gaia v29 upgrade shipped Oct 28; ATOM added to Paxos Crypto Brokerage
Why it matters: Negative funding and shrinking open interest point to seller pressure and position unwinding in ATOM.
#ATOM
Source: TokenPost
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