Bonk price has decreased 30% from its July peak, trading at approximately 0.00002741 USD. The drop resulted from profit-taking after a significant 203% rally, compounded by uncertain macroeconomic conditions. Technical indicators suggest further bearish trends may follow.
With funding rates and futures open interest both declining sharply, Bonk’s market sentiment appears pessimistic. Specifically, open interest has fallen by 35%, signaling a lack of confidence in a price recovery. The next few trading sessions will be critical for Bonk’s price direction.
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