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Data: PLAY Surges 300% Within One Hour, Low Funding Rate Indicates Bullish Trend
Summary: According to @ai_9684xtpa analysis, PLAY token surged 300% in the past 1 hour. Unlike MYX's short-term price fluctuations, PLAY's funding rate was only 0.2917% at its peak, indicating that this surge was mainly driven by strong bullish buying, with arbitrage funds also buying spot simultaneously. The trend was driven by active buying orders in the ...
According to @ai_9684xtpa analysis, PLAY token surged 300% in the past 1 hour. Unlike MYX's short-term price fluctuations, PLAY's funding rate was only 0.2917% at its peak, indicating that this surge was mainly driven by strong bullish buying, with arbitrage funds also buying spot simultaneously. The trend was driven by active buying orders in the futures market, without intense long-short speculation. Bulls were unable to force shorts to close positions due to low funding rates, leading to an overall market structure biased towards one-sided buying pressure.
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Link: Data: PLAY Surges 300% Within One Hour, Low Funding Rate Indicates Bullish Trend [Copy]
