Polkadot saw its DOT token surge roughly 14%, driven by strengthened bullish positioning. Open Interest on perpetual contracts rose 13% to approximately $203 million, while positive Funding Rates indicated that longs were paying shorts. Polkadot’s network transactions exceeded 13,800 over the past month, with daily active users reaching around 2,700. Short liquidations slightly outpaced long liquidations, suggesting a modest imbalance favoring buyers. This balance between growing participation and accompanying leverage will determine whether DOT can extend its rally.
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