Optimism saw an 11% bullish rebound following a 12% price decline on October 7th. Open Interest on perpetual contracts surged 17.25% to $107.82 million, reflecting $18.98 million in capital inflows. The positive Funding Rate at 0.0096% and sustained whale activity, with a Whale-Retail Delta reading of 0.332, confirm buying pressure dominance. Market sentiment as measured by CoinMarketCap stands at 4.68 on a scale of -10 to 10, supporting the bullish outlook for OP.
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