$BAT Bulls are still adding to their positions as the price pulls back to the platform—not the kind of move where they dump and run.
At 06:00, after 2.8M in volume pushed the price to a daily high of 0.15085, volume tapered off and the price slid. It’s now around 0.1406, hovering near the MA20. Open interest rose from about 46.8 million to around 49.6 million contracts, worth roughly 7.0M, while the funding rate is relatively hot at about +0.01%—the price is soft, but positions haven’t been unwound.
This move in the attention coin didn’t come with an independent catalyst; it looks more like a leg up driven by risk appetite following $ETH . Now that volume has faded, whether anyone is still willing to buy at 0.140 will determine if that morning’s bullish candle was the start of a trend or a false breakout.
#BonkDAO governance proposal attack causes $20 million in losses
At 06:00, after 2.8M in volume pushed the price to a daily high of 0.15085, volume tapered off and the price slid. It’s now around 0.1406, hovering near the MA20. Open interest rose from about 46.8 million to around 49.6 million contracts, worth roughly 7.0M, while the funding rate is relatively hot at about +0.01%—the price is soft, but positions haven’t been unwound.
This move in the attention coin didn’t come with an independent catalyst; it looks more like a leg up driven by risk appetite following $ETH . Now that volume has faded, whether anyone is still willing to buy at 0.140 will determine if that morning’s bullish candle was the start of a trend or a false breakout.
#BonkDAO governance proposal attack causes $20 million in losses
