DeepBook gained 12% as its combined Spot and Perpetual Volume surged 77% to roughly $23 million. Retail traders and whales leaned bullish with Long/Short Ratios of 2.12 and 1.12 respectively, according to CoinGlass. Conversely, Smart Money maintained an « Extremely Bearish » position, creating a notable disagreement among market participants. The Funding Rate turned negative at -0.0027%, indicating a bearish tilt in Perpetual pricing despite the price rally. While DEEP’s rally has buyer support, conviction remains uneven, and the Funding Rate’s direction will be key to determining whether this disagreement fades.
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