Wormhole [W] declined 34% in one day amid surging broader market volume. The Long/Short Ratio stood at 1.05, showing a moderate bullish tilt on the perpetual market despite heavy spot selling. The Funding Rate dropped to -0.0436%, revealing aggressive short positioning among traders. Meanwhile, Open Interest fell 48% to $71.47 million, indicating reduced exposure and capital outflows. Market sentiment remained slightly positive at 1.89, down sharply from 4.09 on October 12th, suggesting fragile recovery potential amid immediate selling pressure.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
