Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
TON Open Interest Turns Positive, Signaling Potential Reversal

TON Open Interest Turns Positive, Signaling Potential Reversal

CoineditionCoinedition2024/09/26 16:00
By:Ebiseyei Badei
  • TON’s price surged from $2.5 to $7.5 in early 2024, driven by bullish sentiment and rising open interest delta.
  • A mid-year correction led to capital outflow and a price drop to $4, reflected in negative open interest.
  • By September 2024, both price and open interest delta showed signs of recovery.

The latest TON market trend shows a shift in investor behavior and a possible influence on the asset’s value. According to Cryptoquant , TON’s 30-day open interest delta is now positive while the funding rate remains negative.

This shift points to important dynamics that could influence TON’s price in the coming weeks. The Ton Open Interest Delta chart from December 2023 to September 2024 shows notable patterns in market activity.

From December 2023 to March 2024, TON’s price saw a gradual decline, remaining below $2.5. During this time, open interest remained relatively low, with only minimal fluctuations, signaling limited futures activity.

Price Surge and Increased Open Interest

In late March 2024, TON experienced a rapid price surge , rising from below $2.5 to nearly $6.5 by April. This period featured a strong increase in the open interest delta, suggesting a wave of speculative interest. As the price continued to climb through mid-May, reaching over $7.5, volatility appeared, with sharp fluctuations in both directions. The open interest delta peaked during this time. However, negative red bars started to appear by June, indicating that capital exited futures positions as the price dropped.

Read also: TON DEX Activity Soars, STON.Fi Dominates as Investor Interest Grows

From July to August, TON entered a correction phase, with the price steadily declining and bottoming near $4 in late August. Throughout this period, the open interest delta remained negative, reflecting a continued outflow of capital.

By September, though, the price showed signs of stabilization, rising above $4.5. Open interest also turned positive again, hinting at renewed speculative interest in the market.

Open Interest Delta: A Key Indicator

The relationship between TON’s price and open interest delta highlights the market’s speculative nature. Strong bullish sentiment drove the early 2024 price surge, which brought significant inflows into futures positions.

However, as the market corrected, capital rapidly left. In recent months, the recovery in both price and open interest suggests a potential turnaround. Still, investors will need to keep a close watch on these metrics to gauge future market movements.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Ex-WhatsApp security chief files suit over privacy failures at Meta

Share link:In this post: A former WhatsApp security chief is suing Meta, claiming he was punished after reporting privacy risks. He says 1,500 engineers had open access to user data and that WhatsApp lacked basic security measures. Meta denies the claims and says he was fired for poor performance, not retaliation.

Cryptopolitan2025/09/09 04:00
Ex-WhatsApp security chief files suit over privacy failures at Meta

Starting a Business in the Consumer Crypto Sector: What No One Tells You

In small and fragmented markets, focus on retention first before discussing growth.

Chaincatcher2025/09/09 03:30
Starting a Business in the Consumer Crypto Sector: What No One Tells You

The pioneer of the stablecoin industry, Do Kwon, is currently seeking to defend his rights in order to recover payment for a house purchase.

Before the UST crash in 2022, Do Kwon had prepaid half of the payment for a 700-square-meter penthouse, but ultimately failed to complete the purchase.

Chaincatcher2025/09/09 03:29
The pioneer of the stablecoin industry, Do Kwon, is currently seeking to defend his rights in order to recover payment for a house purchase.