$ONG contract open interest surged 24 hours in a big jump of 11%+, with trading volume rising in tandem by 29%. The competition between longs and shorts has clearly heated up.
At the same time, several major exchanges paused deposits and withdrawals due to network upgrades. The resulting short-term supply-demand imbalance provides additional room for price movement.
Judging from on-chain fund flows, the funding rate and open interest are moving upward together, indicating that this round of volatility is not driven purely by sentiment, but is supported by real capital behind the scenes.
It’s important to note that high volatility on the derivatives side is often accompanied by the risk of price spikes (needle-like intrusions). Spot holders don’t need to rush to chase higher prices, and derivatives participants must strictly control leverage and set stop-losses.
In the short term, $ONG still has talkability before deposits and withdrawals resume, but its medium- to long-term value will ultimately depend on the actual progress of the ecosystem’s rollout. Don’t equate contract hype with fundamentals.
#ONG #Ontology
At the same time, several major exchanges paused deposits and withdrawals due to network upgrades. The resulting short-term supply-demand imbalance provides additional room for price movement.
Judging from on-chain fund flows, the funding rate and open interest are moving upward together, indicating that this round of volatility is not driven purely by sentiment, but is supported by real capital behind the scenes.
It’s important to note that high volatility on the derivatives side is often accompanied by the risk of price spikes (needle-like intrusions). Spot holders don’t need to rush to chase higher prices, and derivatives participants must strictly control leverage and set stop-losses.
In the short term, $ONG still has talkability before deposits and withdrawals resume, but its medium- to long-term value will ultimately depend on the actual progress of the ecosystem’s rollout. Don’t equate contract hype with fundamentals.
#ONG #Ontology