FET surged over 15% in 24 hours to reach $0.15, driven by strong spot demand and a bullish bias among traders with a positive funding rate at 0.0210%. Over the past 15 days, $76.43 million in buying activity was recorded with netflows at -$2.9 million, while $16.81 million worth of FET moved out of exchanges into private wallets. Short positions experienced liquidations 13.3 times greater than long positions, losing $462,750 compared to $34,670. Sustained whale activity and $83.33 million in the perpetual market suggest the bullish trend could continue, although correction risks remain around the $1.2 level.
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