- In a stunning twist of fate, TRUMP has taken the market by storm, leading the pack with gains that would make even the most seasoned investors raise an eyebrow.
- Futures traders are practically frothing at the mouth with optimism, while spot traders have decided to take a little nap instead of selling.
In the last 24 hours, our dear friend Official Trump [TRUMP] has experienced a price surge that would make a rollercoaster jealous, boasting a remarkable gain of 12.40%. Who knew politics could be so profitable?
But hold your horses! Analysis suggests that this price rally might just be the opening act of a much larger show, as market sentiment is shifting towards a potential upward explosion. 🎉
More inflow — Is this the final confirmation?
There’s been a veritable explosion in Open Interest (OI) over the past 24 hours in the derivatives market, as traders rush to open more positions on TRUMP. It’s like a Black Friday sale, but for financial instruments!
During this period, OI climbed a staggering 28.42%, reaching a jaw-dropping $724.48 million. That’s a lot of zeros!
While this surge confirms growing interest, it doesn’t tell us whether buyers or sellers are throwing the biggest tantrum in the market.
By analyzing the Long-to-Short Ratio—a fancy term for figuring out who’s winning the tug-of-war between buyers and sellers—we find that buyers are currently in the driver’s seat. Buckle up!
As of now, the ratio sits at a cozy 1.0141, indicating that buyers are indeed taking the lead in the futures market. 🏆
Adding to this bullish sentiment is the OI-Weighted Funding Rate of TRUMP in the derivatives market. It’s like the cherry on top of a very optimistic sundae.
Since May 18th, TRUMP has been on a steady upward trajectory, marking four consecutive days of bullish momentum. It’s like watching a toddler learn to walk—adorable and slightly terrifying!
A positive OI Weighted Funding Rate confirms that derivatives traders are opening more buying contracts than selling contracts. It’s a party, and everyone’s invited!
Meanwhile, spot traders are shifting towards a bullish stance, as Exchange Netflow has significantly declined. This indicates that selling pressure has eased, allowing buyers to waltz back in. 💃
Traders have splurged $5.84 million on TRUMP, following a previous day’s sell-off of $11.80 million. It’s like a game of financial musical chairs, and everyone wants a seat!
This confirms that profit-takers temporarily ruled the roost during the sell-off, but overall, TRUMP remains bullish in the market. Who would have thought?
Will TRUMP investors’ confidence stay strong?
Confidence among investors is soaring higher than a kite on a windy day.
In fact, in the last 24 hours, the number of investors anticipating a TRUMP rally has jumped from 64.71% to a staggering 73.64%. Talk about a confidence boost!
Market sentiment remains bullish, with investors expecting TRUMP to rise. If this optimism continues, spot traders will likely keep adding inflows, while Futures traders maintain their bullish positions. It’s a financial love fest!
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2025-05-22 01:14