Ambcrypto wrote an article covering the recent rise of syrup >investor sentiment fuels bullish rally according to coinglass, traders have placed significant bets on syrup’s continued rally. the taker buy/sell ratio, which tracks buying and selling activity in the derivatives market, shows increased buying activity as the ratio crossed above 1. this buying trend coincided with a sharp rise in open derivative contracts. as of writing, the open interest weighted funding rate stood at 0.0022%, confirming heightened activity. when this metric remains in positive territory, it suggests strong bullish sentiment. >a sustained upward trend indicates syrup could continue in this direction. also contributing to this outlook is a rise in community sentiment, a metric used to gauge whether investors expect a rally or price drop.
the taker buy/sell ratio and open interest weighted funding rate are important indicators due as they reflect underlying conditions that support potential asset appreciation or depreciation.
as always please remember you're responsible for your own money when trading using unfavorable terms like "trading" , **dyor** public service announcement over....
no financial advise from any person has been expressed