$FLOKI
🚨 FLOKI Futures Market Data Confirms Bullish Sentiment 🚨
According to Coinglass data, FLOKI’s futures open interest has grown to the top level it has seen since last December. The amount of open interest (OI) reflects how many futures contracts are active.
The correlation between price movements and FLOKI’s futures open interest is evident from the chart. When FLOKI’s rate went from $0.00006 to $0.00015, open interest also went up. This often mirrors traders becoming more confident, leading to more money being invested in bullish assets.
Analyzing May–June and November–December cycles reveals repeated spikes in both OI and prices, after which the market moved into extended rallies. As the structure is still similar to that of the past, another increase may happen if present conditions continue.