The post Maker (MKR) Eyes $2,000 Support Amid Futures-Driven Rally and Spot Sell-Offs, Potential Retracement Possible appeared on BitcoinEthereumNews.com.

Maker (MKR) has surged 17% in the last 24 hours, driven predominantly by strong long interest in the Futures market, sparking debate on its sustainability above the critical $2,000 level. Despite the rally, spot market sell-offs exceeding $1 million indicate cautious profit-taking among traders, raising questions about the durability of MKR’s upward momentum. According to COINOTAG analysis, while Futures traders remain bullish with a high Open Interest Weighted Funding Rate, technical indicators suggest a potential retracement could be imminent. Maker (MKR) rallies 17% fueled by Futures longs, but spot sell-offs and technical signals hint at a possible retracement below $2,000. Key levels to watch ahead. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Futures Market Drives MKR’s Sharp Rally Amidst Spot Market Caution Maker’s recent price surge is largely attributed to aggressive long positioning within the Futures market, where traders are paying premiums to maintain their bullish bets. The Open Interest (OI) Weighted Funding Rate currently stands at a notable 0.0170%, ranking as the third-highest this year, indicating strong confidence among derivatives traders. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random()…

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Filed under: News - @ June 15, 2025 7:28 am