Key Takeaways
Why did FARTCOIN fall 11%?
Open Interest dropped 12% to $685.9 million. That meant $84.5 million in contracts closed, showing traders pulled liquidity and added pressure.
What supports FARTCOIN’s outlook?
Spot inflows totaled $11 million across four weeks. Retail investors kept buying, but heavy liquidations suggest prices could still face more downside.
In the past day, Fartcoin [FARTCOIN] led the market decline, plunging 11% as bears became increasingly aggressive.
The broader market showed mixed sentiment across segments, leaving direction unclear. AMBCrypto reviewed key datasets to assess near-term price risks.
Meme segment and community push for FARTCOIN
The memecoin market segment continued to rally over the past week, posting a 4.4% gain.
This figure was determined using the Weighted Average on Artemis, which evaluates various memecoins to establish potential market direction for the asset.
At the same time, investor sentiment has turned more bullish.
CoinMarketCap data showed a 6% jump, rising from 62% to 68%. Investors backed this optimism with Spot purchases, adding bullish weight to the trend.
AMBCrypto reviewed the Spot market and confirmed that investors were matching their votes with actual buys.
Spot inflows vs. derivative pressure
According to CoinGlass’ Spot Exchange Netflow data, investors have been accumulating the memecoin steadily.
During 24 hours, there was an inflow of $2.47
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Author: Olayiwola Dolapo
