📊 FOLKS contract trading volume exploded, second only to BTC / ETH
Data from December 14 shows that FOLKS's 24-hour contract trading volume on Binance has surged to $2.35 billion, directly ranking third in the overall trading list, only behind BTC and ETH, with extremely exaggerated popularity.
Currently, FOLKS's open interest (OI) is about $29.83 million, with funds clearly continuing to accumulate.
From Binance's smart positions:
• Among 294 tracking accounts, 65% chose to go long (191 accounts), with long positions of about $6.18 million, average opening price $21.88
• The remaining 35% of accounts are short (103 accounts), with short positions of about $2.57 million, average opening price $15.64, mostly passive low-level short positions being held
Overall, bulls are dominant, and the cost for bears is significantly low, the market game is intensifying, and there is considerable short-term volatility space, already entering a high attention phase.
