Cash Cat surged 12% as the broader crypto market entered a recovery phase. Open Interest climbed 14% to reach $48.37 million, while the Funding Rate dropped sharply from 0.0441% to 0.0089%, signaling that short positions are building up. The Long/Short Ratio stood at 1.05, and the perpetual netflow turned negative with approximately $544,000 flowing out of the market. Liquidation data shows a stark disparity with long positions accounting for $7,600 in losses versus only $158 for shorts, giving bulls the upper hand, though rising short activity and profit-taking raise concerns about the rally’s sustainability.
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