Based on the provided data, the market sentiment for $TON
appears to be bullish in the short term. The net inflows into contract positions and spot have been positive over the past day, indicating buying pressure. The spot transaction distribution shows that the majority of transactions occurred in the price range of $5.553 to $6.02, suggesting that the market is willing to buy at these levels. The long-short ratio has increased, indicating a shift towards more long positions, and the contract trading volume is high, which could imply increased interest and liquidity in the market.
However, the open interest has been decreasing, which might indicate that some traders are closing their positions, potentially due to profit-taking or a change in sentiment. This could lead to a decrease in liquidity in the contract market.
In summary, the short-term trend for $TON appears to be bullish, but there are signs of potential profit-taking or a change in sentiment that could affect the mid-term and long-term trends. It is important to monitor the open interest and contract trading volume closely for any significant changes.
In the upcoming week, the price of $TON could continue to rise, but there is a risk of a pullback due to the decreasing open interest. For the month, the price trend could be more volatile, with the potential for a correction if the bullish momentum fades.