Toncoin Open Interest Rises 33% to $190 Million in 24 Hours
Toncoin (TON) has experienced a notable increase in Open Interest, which is the highest level since February. Key points include:
- Open Interest surged from $143 million to $190 million in 24 hours, marking a 33% increase.
- The rise indicates more traders are opening futures positions, which may lead to increased price volatility.
- Historically, similar spikes have preceded price corrections; the last occurrence resulted in a 32% drawdown.
- Current TON trading price is approximately $3.34, reflecting an 11% rise within the same period.
Additionally, Bitcoin's Open Interest has risen by 51%, reaching $55.6 billion, indicating a build-up of leverage amid a bullish trend.
