Just got out of the shower and took a look, $DYM has spot trading at $3.92M, while the contracts are racking up to $11.43M. I was standing at my vanity and just couldn't hold it together. 😂
The spot price is still at $0.0195, up 14.7% in the last 24 hours, hitting a high of $0.0212 and a low of $0.0168.
But what's even weirder is that both the contract and spot volumes have skyrocketed by 2.9 times, yet the funding rate is still at -0.1486%, with an open interest hanging at 127 million tokens.
This vibe feels like the emotions rushed in first; the spot market isn't that hot, and the derivatives are starting to clash with each other.
I'm leaning towards a wait-and-see approach, feeling anxious while even my cat on the keyboard is cooler than I am. 😭
The market is shifting; what's true today might not hold tomorrow. $DYM #DYM
The spot price is still at $0.0195, up 14.7% in the last 24 hours, hitting a high of $0.0212 and a low of $0.0168.
But what's even weirder is that both the contract and spot volumes have skyrocketed by 2.9 times, yet the funding rate is still at -0.1486%, with an open interest hanging at 127 million tokens.
This vibe feels like the emotions rushed in first; the spot market isn't that hot, and the derivatives are starting to clash with each other.
I'm leaning towards a wait-and-see approach, feeling anxious while even my cat on the keyboard is cooler than I am. 😭
The market is shifting; what's true today might not hold tomorrow. $DYM #DYM