JasmyCoin surged 15% with rising liquidity and Open Interest.
Short positions outnumber longs, hinting at possible bearish pressure.
Funding rates stay positive, suggesting continued bullish sentiment for now.
JasmyCoin — JASMY, has lit up the charts with a sharp 15% surge in the past 24 hours. That move didn’t just catch traders’ eyes—it pushed JASMY’s monthly gain to an impressive 62%. Bulls celebrated the breakout, but underneath the surface, the data tells a more complicated story. While many point to the rally as a sign of strength, others warn that caution is still necessary. So, what’s really happening here? Is JasmyCoin preparing for liftoff, or is this just another short-lived pump?
https://twitter.com/mdtrade/status/1947203573143523599 Liquidity Rises While Bears Lurk in the Shadows
One of the most striking developments lies in the derivatives market. Liquidity has flooded in quickly. According to CoinGlass, JASMY saw $8.42 million in new capital enter its derivatives market in the last day alone. That’s a 14% jump in Open Interest, bringing the total to $56.86 million. Typically, a rise in Open Interest means traders are opening new positions, which reflects growing market interest and participation. On the surface, that might sound bullish, especially in combination with a 15% price rally.
However, the story takes a turn when you look at the Long-to-Short ratio. While prices climbed, only 48% of traders held long positions. A slim majority—52%—were betting against JASMY. That imbalance sends a different message. It suggests that a large portion of the new capital came from bears trying to short the rally. This isn’t rare, but it’s a sign that not everyone believes the current trend will continue.
Funding Rates Remain Positive—But for How Long?
Adding to the tension, spot traders have also begun to take profits. Over $2.86 million worth of JASMY was sold off in the spot market during the same period. Even though nine out of fifteen tracked exchanges saw more buying than selling, total short volume still dominated. That creates a tug-of-war scenario—bulls are driving the price, but bears are right behind them, ready to pull it back down.
Despite all this, the broader mood remains cautiously optimistic. The current Funding Rate for JASMY sits at a positive 0.0131%. That means long-position holders are paying a premium, which usually signals continued bullish sentiment. More importantly, the Open Interest Weighted Funding Rate also remains in positive territory. This metric combines two key indicators to provide a clearer picture, and right now, that picture still shows strength.
If this data holds steady, JasmyCoin could very well continue climbing in the short to mid-term. However, traders should stay alert. A deeper pullback may still emerge if selling pressure continues or if Bitcoin shakes the market. For now, JASMY balances on a fine line—bullish energy fuels the rally, but bearish pressure waits in the wings.
