SOON experienced a 15% single-day capital outflow with $58 million withdrawn from the perpetual futures market according to CoinGlass data. The spot market also saw approximately $306,000 in net selling during the same period. Despite this weakness, SOON remains up 35% over the past seven days, suggesting the market may be in a corrective phase rather than facing extended decline. Binance traders, including both top traders and retail participants, continue to favor long positions, with the Long/Short Ratio above 1 on the exchange. The Funding Rate at 0.0050% confirms that long positions still control the majority of the $40.16 million in perpetual contracts.
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