0G rockets 21% on mainnet hype – Traders are bracing for what comes after!
The post 0G rockets 21% on mainnet hype – Traders are bracing for what comes after! appeared on BitcoinEthereumNews.com.
Key Takeaways Why did 0G surge 21%? Its mainnet launch, Binance listing, and $3 million airdrop boosted demand, pushing the price to $5.79. What risks face 0G holders now? Negative Funding Rates and rising Open Interest show shorts dominating, hinting at a potential pullback. 0G [0G] surged 21% in the past day to $5.79, with market capitalization crossing $1.23 billion following its mainnet launch and Binance listing. Liquidity inflows into the market are in no short supply. Yet, the dynamics point to an interesting possibility—that 0G could face a sharp decline in the coming days. 0G sees naive liquidity inflow There has been a massive surge in liquidity circulating around 0G, with the token’s market capitalization trending firmly into the billion-dollar range. As of publication, 0G was worth $1.26 billion in market capitalization, following a 21% price climb to $5.29. The surge in liquidity has been especially visible in the Derivatives market, where Open Interest rose sharply. Open Interest, which reflects liquidity in the Derivatives market, saw a dramatic rise of 280% to $145.63 million in the past day—a significant addition. Source: CoinGlass The spot market also saw heavy activity, with trading volume crossing $1.93 billion in the past day, although it remains unclear whether buyers or sellers dominated. Funding Rates hint at downside The surge has not been fully aligned with signals across the broader market. Recent data suggested a significant decline could be on the horizon. The Funding Rates, which track whether longs or shorts are driving price moves between Spot and Derivatives, show that shorts held control. Funding Rates across exchanges flipped negative, led by OKX at -0.21% and Hyperliquid at -0.64%, signaling that traders leaned toward short bets. Source: CoinGlass That is not all. The Open Interest Weighted Funding Rate also posted a negative -0.0278 reading,…
Filed under: News - @ September 23, 2025 5:28 pm