CAP, the native token of the credit-backed platform Cap, rose 24% in 24 hours, outperforming many top-200 cryptocurrencies. Its positive funding rate of 0.0208% points to bullish positioning in the perpetual market, while open interest climbed 26% to $28.61 million. Perpetual trading volume surged 151% to $75.9 million and the long-to-short ratio reached 1.65. The retail-to-whale positioning gap fell to -0.066, suggesting relatively stronger positioning by retail traders, although it does not reveal their exact share of trading volume. If those bullish positions are unwound, they could intensify downward pressure, while continued spot accumulation, with 5,540 holder addresses compared with roughly 5,130 at the start of October, could support further gains.
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