The perp volume of $SEI increased by 19.527% over 90 days, reflecting a betting attack even though the spot price is capped below the EMA range.

SEI
SEIUSDT
0.118
-0.42%

The accumulation of perps shows that traders prioritize future exposure rather than reacting to current weakness. History shows that perp explosions during price compression phases often precede trend releases, not prolonged drift.

The surge in derivatives signals the market's sensitivity to technical signals: just one close above the EMA range can trigger leveraged positions to activate a two-way volatility expansion.