🔥 $LUNC Market Update
🔄 Derivatives Signals Mixed
Binance: Open interest up 0.77% in 24h, +1.54% in last 4h ➡️ Traders optimistic
Bybit: Open interest down 1.32%, showing caution or bearish stance
Overall OI: ~$8.21M with minor positive changes on OKX and Bitget
📉 Market Bias: Still bearish with downward pressure limiting any major rally short-term.
🔥 Burn Mechanism Impact
Continuous burns aim to reduce supply dilution, increasing scarcity and supporting potential price growth. But price impact remains limited so far.
⚡ Outlook & Key Focus
Community participation & upcoming events like InterChain Summit
Watch technical supports and derivatives sentiment shifts
Follow governance developments like the market module reactivation, which could be a major catalyst for LUNC’s future.