Bithumb’s KRW trading has only been open for a day, and PROM is already up about 29%, yet the order book hasn’t shown one-sided leverage chasing.
At 13:00 KST on August 24, Bithumb opened PROM/KRW, and the project team later publicly confirmed. Binance spot is up about 29.1% over the past 24 hours, while perpetual trading volume is about $291 million USDT. This move at least has a clear catalyst—no need to hard-guess the news flow.
The hype is real, and so is the fast-growing disagreement. PROM perpetuals surged to a high of 4.055 USDT, then fell back by about 9%. In the past roughly 3 hours, open interest increased only about 3.1%, and the funding rate is around +0.005%. Over the last hour, the aggressive buy/sell ratio has swung back and forth between 0.705 and 1.383—neither chasing nor taking profit has fully exited.
With the listing on Bithumb now in place, whether buy-side momentum will keep accelerating depends on whether price can reclaim the prior high and whether trading volume can hold up.
Click $PROM to check real-time volume, the K-line, and the funding rate. If the high can’t be reclaimed for a long time, don’t directly equate “good news” with “buy pressure is still accelerating.”
#PROM异动 #Market Watch
At 13:00 KST on August 24, Bithumb opened PROM/KRW, and the project team later publicly confirmed. Binance spot is up about 29.1% over the past 24 hours, while perpetual trading volume is about $291 million USDT. This move at least has a clear catalyst—no need to hard-guess the news flow.
The hype is real, and so is the fast-growing disagreement. PROM perpetuals surged to a high of 4.055 USDT, then fell back by about 9%. In the past roughly 3 hours, open interest increased only about 3.1%, and the funding rate is around +0.005%. Over the last hour, the aggressive buy/sell ratio has swung back and forth between 0.705 and 1.383—neither chasing nor taking profit has fully exited.
With the listing on Bithumb now in place, whether buy-side momentum will keep accelerating depends on whether price can reclaim the prior high and whether trading volume can hold up.
Click $PROM to check real-time volume, the K-line, and the funding rate. If the high can’t be reclaimed for a long time, don’t directly equate “good news” with “buy pressure is still accelerating.”
#PROM异动 #Market Watch
