TAO-USD had the largest absolute 24-hour open-interest change at +17.27%, alongside a one-day price return of +3.17%.
Biggest futures action? TAO. TAO-USD saw open interest surge 17.27 percent over 24 hours, alongside a 3.17 percent price gain. Funding is very positive at 17 percent annualized, that means traders are paying up to be long, so long exposure…
TAO-USD saw open interest surge 17.27 percent over 24 hours, alongside a 3.17 percent price gain. Funding is very positive at 17 percent annualized, that means traders are paying up to be long, so long exposure is building. That can fuel a squeeze higher if price escapes the range, but also raises unwind risk if sentiment flips. Either way, 240.013 dollars is the near-term support to watch.
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