# Infinex pumps up by over 17% in 24 hours — leveraged funds flood in, becoming the main driver
$INX recently showed independent strong momentum: in the past 24 hours, the price rose by more than 17%, making it the focus of market attention.
Based on on-chain and derivatives data, this rally has several key supports:
1. Open interest continues to climb. The OI/market cap ratio reaches a high level of 12.9%–15.2%, indicating that leverage-driven bullish sentiment is strong and long positions are accumulating quickly.
2. Net capital inflows are significant. There are clear signs that the main funds are proactively building positions, pushing the price to break through key resistance levels.
3. Increased convenience in spot trading lowers the participation threshold for users, further amplifying buy-side strength.
As of now,
$INX is trading around $0.00824. Over the past 24 hours, trading volume is about $3.4 million, with a market cap of roughly $16.44 million. Liquidity has improved noticeably compared to earlier, and short-term trading activity is rising.
It’s worth noting that a relatively high OI/market cap ratio means leverage in the market is deeper. If the price pulls back, liquidation risk (and cascading “panic selling”) can also be amplified accordingly. When chasing the move in the short term, be sure to control position size and guard against pullbacks caused by high volatility.
#Infinex # Crypto market