The memecoin CASHCAT fell 16% in a single day, marking one of its steepest declines. Long liquidations reached $566,300 over 24 hours, 14.8 times more than short liquidations which totaled $38,210. Spot market netflow remained positive at approximately $96,500, with inflows exceeding $3.19 million, confirming that sellers still have the edge over buyers. Despite the selling pressure, the funding rate stayed positive and climbed to 0.0174%, suggesting that traders remain optimistic about the price outlook.
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