EOS continues its downward trend towards the 50-day EMA support at 0.75 USD. Vaulta’s DeFi Total Value Locked recently surged to 273 million USD before correcting to 246 million USD, indicating shifting market dynamics and increased user engagement despite the current price corrections.
Open Interest has decreased by 16% to 95 million USD, alongside an increase in trading volume by nearly 20% to 316 million USD. This reflects a shift in trader sentiment with a higher rate of long position liquidations totaling around 833,000 USD, pointing towards a potential bearish trend ahead of the EOS token swap.
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