The derivatives market shows growing bullish conviction. Volume has surged by over 60%, reaching $3.67B, while Open Interest climbed 8.20% to $705.27M.
These metrics confirm rising speculative demand, as traders bet on further upside.
In addition, the OI-Weighted Funding Rate remained positive at 0.0107%, indicating that long positions dominated sentiment.
This persistent positive rate shows that bulls are willing to pay a premium to hold positions, aligning with the bullish chart pattern.
Overall, PEPE’s Futures activity reflects heightened trader optimism and commitment to upward price movement.#INDIANstock