Overview
- IP spiked to as high as $2.90 before easing to roughly $2.75 in Monday trading.
- Reported 24-hour turnover reached about $272 million to $325 million, with South Korea’s Upbit handling roughly 45% of activity.
- Charts indicate a break above key moving averages following a months-long slide from a September 2025 peak.
- Momentum gauges flagged stretched conditions, including a Money Flow Index above 90 and an RSI near 73, pointing to heightened pullback risk.
- Perpetual markets showed sell-side pressure, with the OI‑weighted funding rate near -0.1638 as some market views highlighted $3 as a possible near-term target.