Analyst: JELLYJELLY's current futures-spot price spread is as high as 34%.

PANews reported on March 10th that, according to on-chain analyst @ai_9684xtpa, the current on-chain market capitalization of JELLYJELLY tokens is $89.95 million, while the Binance futures market capitalization is $67.17 million, resulting in a price difference of 34%. The price anomaly appears to have started around 9 AM this morning, with the first small price peak occurring around 10 AM. However, when the on-chain price surged again around 2 PM, the futures price unusually fell, leading to the significant price difference.

Binance JELLYJELLY's latest contract open interest is $9.96 million, which surged around 1 p.m.; currently, funding fees are -2%, meaning a large amount of capital is shorting regardless of price.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Grayscale has staked 102,400 ETH in the past 10 hours.
PANews Newsflash