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no one’s talking about this: Plasma’s 15% drop triggers a potential bounce back fueled by $255 million open interest surge, unique behavior among
plasma’s price drop: open interest spikes to $255M, suggesting increased trader activity – stable Long/Short ratio, short liquidations may support
Key takeaways 📈🐂: Despite a 15% drop, Plasma’s open interest surged to $255 million, hinting at increased trader activity. Stable Long/Short ratio and short liquidations may aid a potential bounce back. On-chain data reveals unique behavior among derivatives traders, potentially signaling an early rebound 📊. Plasma’s bullish momentum despite a significant price decline showcases renewed market interest, possibly driven by institutional traders buying the dip. The influx of new capital in the derivatives market hints at a return of speculative confidence despite bearish spot action 📈💰.
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