BOME rose 18.1% today. Spot trading volume was $3.42 million, while futures trading volume was $28 million—futures volume is 8 times spot volume. This suggests that mainly contract funds are driving the move. Near-term sentiment is somewhat bullish, but be sure to watch the risk of closing (liquidating) futures positions.
UTK rose 16.2%. Spot volume was $10.2 million. The volume and price action are fairly well aligned, indicating a pull-up supported by real buy orders, so it feels a bit more solid.
LPT rose 10.5%. Spot volume was $6.93 million, and futures volume was $31.9 million. The futures side is also active, with plenty of liquidity, and today’s overall trend is steady.
In today’s run, futures funding is clearly more active. Several mid- and small-cap coins show a pattern of futures leading and pulling spot along. There are opportunities in the short term, but don’t forget to set your stop-loss.
UTK rose 16.2%. Spot volume was $10.2 million. The volume and price action are fairly well aligned, indicating a pull-up supported by real buy orders, so it feels a bit more solid.
LPT rose 10.5%. Spot volume was $6.93 million, and futures volume was $31.9 million. The futures side is also active, with plenty of liquidity, and today’s overall trend is steady.
In today’s run, futures funding is clearly more active. Several mid- and small-cap coins show a pattern of futures leading and pulling spot along. There are opportunities in the short term, but don’t forget to set your stop-loss.