FTX token rose 10.48%, yet reduced derivatives activity hints at cautious market sentiment among traders.
WLD climbed 5.16% with a 56.93% trading volume increase, reflecting strong bullish interest from traders.
ENA, RNDR, and FET faced declines, suggesting increased volatility and shifting trader sentiment in the market.
The crypto market continues to show volatility, with some tokens experiencing sharp price fluctuations and shifts in trading activity. FTX (FTT), Worldcoin (WLD), Ethena (ENA), Render (RNDR), and Fetch.ai (FET) made notable movements recently.
The FTX token has surged 10.48% over the past 24 hours, reaching $2.60. It recorded a trading volume of $135.57M and a market cap of $854.28M. Despite these gains, FTT’s derivatives data suggests caution. A 15.07% drop in volume and a 2.34% decline in open interest point to reduced market activity.
Source: Coinglass
Besides, the 24-hour long/short ratio of 0.9794 suggests a balanced sentiment between bulls and bears. Additionally, shorts have been hit harder, with $673.53 liquidated compared to $241.49 for longs. Major exchanges like Binance, OKX, and Bybit continue to dominate FTT trading. Trad…
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