SPX6900 surges 13%, amid rising retail and futures demand
The post SPX6900 surges 13%, amid rising retail and futures demand appeared on BitcoinEthereumNews.com.
Key Takeaways What fueled SPX’s rally? Retail buyers returned, pushing Buy Volume to 3 million and Derivatives Volume up 124% to $146.67 million. What could stop SPX6900’s rally? Whales sold 1.4 million memecoins, lifting exchange Netflow to $257K—risking near-term retracement toward $1.06. SPX6900 [SPX] rebounded sharply from $0.80, posting higher highs and strong buyer momentum. At press time, the memecoin traded near $1.16, up 13.61% in 24 hours. Meanwhile, trading volume surged 172% to $42 million, confirming fresh capital inflows. The question now is whether SPX can sustain this move. SPX retail steps back in After sellers dominated for two days, retail buyers reentered the market over the past 24 hours. Data from Coinalyze showed Buy Volume at 3 million against Sell Volume of 2.5 million, yielding a positive Buy-Sell Delta of 500,000—a sign of renewed retail accumulation. Source: Coinalyze This buying pressure helped SPX close with higher lows and reclaim short-term trend strength. Futures traders chase the move The rally extended to derivatives as traders positioned for further upside. CoinGlass data revealed a 124.33% jump in Derivatives Volume to $146.67 million, while Open Interest rose 22.36% to $63.89 million. Source: CoinGlass Often, when OI and Volume rise together, it indicates increased participation in the futures market. In fact, Futures Inflow jumped to $43.62 million compared to $42.59 million. That drove Net Futures Flow up 292.7% to $1.03 million at press time, indicating higher capital inflow. Source: CoinGlass Typically, when capital is invested in Futures, it indicates increased investor participation, as investors open either short or long positions. Additionally, the Long/Short Ratio stood at 1.0008, implying most traders held long exposure and anticipated continued price growth. Whales take profit amid rally Despite the bullish mood, whales started selling near $1.18. Nansen data showed top holders sold 1.4 million tokens and…
Filed under: News - @ October 27, 2025 6:27 pm