After its mainnet launch, 0G surged to 5.79 USD with a market cap exceeding 1.23 billion USD. The hype resulted in a liquidity influx; however, there is speculation of a potential pullback due to market signals.
Funding rates turned negative, indicating short positions dominate the market, which reflects bearish sentiment among traders. Heavy trading volumes in both spot and derivatives suggest volatility in the near future.
Leave a Reply