IP Price Surges as Spot Market and Derivatives Traders Align
The post IP Price Surges as Spot Market and Derivatives Traders Align appeared on BitcoinEthereumNews.com.
Layer-1 (L1) coin IP has emerged as today’s top gainer, soaring nearly 10% over the past 24 hours. The rally contrasts the 2% dip in overall market capitalization, signaling growing investor interest in the altcoin. IP has gained 45% in just one week, setting a new all-time high of $14.92 yesterday. With climbing trading activity, on-chain and technical indicators suggest that the rally may have more room to run. Sponsored Sponsored IP Momentum Builds as Derivatives and Spot Markets Align According to Coinglass, IP’s long/short ratio is at 1.01 at press time, reflecting the bullish tilt in sentiment among the altcoin’s derivatives traders. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. IP Long/Short Ratio. Source: Coinglass This ratio compares the number of long and short positions in the market. When an asset’s long/short ratio is above one, it indicates that more traders are opening long positions than shorts, betting on a further rise in price. Conversely, a reading below one would suggest that traders expect a pullback or decline in value. For IP, the ratio’s position above one highlights the broader optimism surrounding the altcoin. It shows that its derivatives traders are increasingly aligning with the spot market momentum as they continue to take positions that fuel expectations that the coin’s rally may continue in the short to medium term. Moreover, the surge in IP’s On-Balance Volume (OBV) in recent sessions confirms this bullish outlook. This momentum indicator is 30.77 million at press time, up 20% since September 16. Sponsored Sponsored IP On-Balance Volume. Source: TradingView The OBV indicator measures buying and selling pressure by tracking volume flow relative to price movements. It rises when trading volume is heavier on up days and falls when volume is stronger…
Filed under: News - @ September 22, 2025 7:29 am