Altcoins News
By Maheen Hernandez
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The cryptocurrency Story IP has experienced a notable price surge of more than 10 percent within the past 24 hours.
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A critical factor behind IP’s sudden rally was the influx of capital into the ecosystem. Data from DeFiLlama shows that the Total Value Locked (TVL) across IP-related protocols…
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This optimistic sentiment was also evident in the derivatives market. According to data from Coinalyze, the Long-to-Short Ratio shifted toward buyers in the past 24 hours.
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During this period, short sellers faced steep losses. In total, traders holding short positions lost approximately 189,000 dollars, whereas long traders lost only 29,300 dollars.
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Despite the strong start, recent activity shows that momentum may be fading. On lower timeframes, short positions have been gaining ground.
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Further weakening the bullish narrative is the behavior in the derivatives funding market. Coinalyze reports that the Aggregated Funding Rate has plunged into negative territory,…
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The spot market tells a similar story. Netflow data from CoinGlass shows that more IP tokens are being moved to exchanges, likely for selling. The latest figure reached 1.
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This convergence of bearish signals—declining long-to-short ratios, negative funding rates, and increasing exchange inflows—suggests that IP’s rally could be losing steam.
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Ultimately, the short-term outlook for IP hinges on whether bulls can maintain momentum or if sellers will successfully reclaim control.
The Currency Analytics
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