The Sharpe Ratio for TON has recently dipped slightly from its late-2024 peak, signaling a moderation in risk-adjusted returns as the market stabilizes in anticipation of the Altseason. While recovery is evident, TON's price remains approximately 20%-30% below its all-time high, indicating that the asset has yet to fully reclaim its previous highs. This stabilization reflects a market transitioning into a recovery phase, where both long-term holders and short-term traders actively capitalize on renewed optimism.
Currently, the Sharpe Ratio presents a buying opportunity for long-term investors seeking to leverage TON’s resilience and growth potential. Meanwhile, short-term traders approach the market with cautious optimism, mindful of regulatory developments expected in 2025 that may introduce both challenges and opportunities.
The Open Interest and Funding Rates chart complements this narrative by highlighting steady open interest levels, which demonstrate sustained participation in the TON ecosystem. Balanced funding rates further reinforce the view that demand for both long and short positions is relatively even, contributing to the current sense of cautious equilibrium in the market.
Written by ShivenMoodley
