PROM rose 14% in a single day after gaining a cumulative 228% over 90 days, while capital inflows in the perpetual market reached $6.6 million and open interest stood at $19.33 million. The positive funding rate of 0.0047%, rising prices and a 177% increase in perpetual trading volume to $49.05 million indicate strong bullish momentum. On the spot market, volume reached $9.15 million and the positive net flow of $406,480 shows that more PROM is entering exchanges than leaving them, increasing selling pressure. Liquidations were relatively close, with longs losing $34,170 and shorts losing $42,940 over 24 hours, raising doubts about PROM’s ability to sustain its rally.
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