EDGE gains 11% but capital outflows and weak demand fail to confirm the rally
- —EDGE rose more than 11% in 24 hours
- —Liquidations: $23,790 in shorts and $23,790 in longs — a dead heat
- —Net outflows from perpetuals over 7 days totaled $2.27 million
- —Spot net flow for the day was minus $51,000
Why it matters: A rally without demand support and with longs and shorts in balance could reverse quickly, leaving direction undecided for now.
Source: AMBCrypto