Toncoin (TON) has recently seen its Open Interest (OI) in the futures market plummet to $141 million, marking its lowest point in the past nine months. Open Interest, which reflects the total value of outstanding futures contracts, is a vital indicator of market sentiment and liquidity.
As per Cryptoquant data, a drop in OI generally suggests reduced market activity and diminished volatility. This decline in OI mirrors broader trends in the cryptocurrency market, signaling a period of low volatility as the year concludes.
The drop in TON’s Open Interest coincides with a noticeable decline in its price and user activity. According to Artemis data over the last three months, the price of Toncoin experienced significant fluctuations.
It initially saw a decline, dropping from highs around $7.2 to near $5.6 towards the end of the observed period. This drop was accompanied by a sharp decr…
The post Toncoin Market Performance Slips with Open Interest Falling to $141M appeared first on Coin Edition.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。