Story [IP] gains over 10% amid liquidity surge, but is a reversal here?

• Rally IP in the last 24 hours has been powered by an increase in liquidity from investors on-sear investors.
• The coalition of traders and derivative traders opposes uptrends, while the group began to force the sale.

Story [IP] Over the period, it gained slightly over 10%, supported by strong market dynamics, as the volume increased 286.56% to $ 50.3 million.

The inflow of capital remains high, while the total IP (TVL) value hit a new peak. This increase has led to remarkable losses for short traders, although more derivative traders continue to bet prices.

Will the bears absorb losses or will investors return? Ambrypto analyzes the market view.

Voltage of liquidity between investors in the chain

The recent IP rally comes in the middle of a significant increase in the total value of the locked (TVL) across protocols in its chain.

According to DefillIP’S TVL reached a new maximum of $ 25.33 million and recorded from May 22 to June 22 between 22, recorded from $ 10.66 million.

This type of permanent increase suggests a growing long -term interest and expectations of investors for the ongoing assembly. While some derivative traders expect a pullback, others seem to be bull.

The derivative market shows growing pressure on the purchase

At the time of the press, Coinelysis The data showed that the long -term ratio of the derivative market has shifted in the last 24 hours towards the buyer.

The ratio on all exchanges indicated that 54.31% of the volume comes from long positions, while short positions were 45.69%, reflecting the ratio of 1.19.

This purchasing increase coincided with the main liquidation event, which was contrary to the IP rally. During the period, traders who bet IP lost $ 189,000, while those who lost long lost only $ 29,300.

This means that for every $ 1 lost long positions, $ 6.49 was lost by shorts – an important imbalance that leaned in the momentum towards the bulls.

However, this dynamics seems to be changing. A close view of lower time frames shows that sellers are starting to close the gap.

For example, in the last hour, a long volume fell to 51.86%, while the short volume increased to 48.14% – increased as the seller’s dominance is gradually revived.

Sellers are pushing to regain control over IP

Sellers become more active, not only in derivatives, but also on spot markets.

On the side of the derivatives, Coinelysis It shows that the aggregated financing rate has changed sharply negative and has hit -0.2107 since June 22, which is the lowest level.

The aggregated financing rate is a recurring fee between long and short positions in eternal laughs to maintain prices in accordance with point values ​​across stock exchanges.

Significant negative rate means that short traders pay fees, a sign that market dynamics is in their favor.

To this bear pressure, the addition of Netflow is to a point exchange, which has seen more inflows than drains, suggesting that more IP tokens are shifted to replacements for potential sales.

Especially, netflow he Coinglass It has reached $ 1.98 million, which is still the highest profit point. Over the past two days, total sales have reached $ 3.42 million.

This continuing sales pressure suggests that the chances of IP to maintain its rally will narrow.