{"id":8591,"date":"2025-01-20T09:46:44","date_gmt":"2025-01-20T09:46:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8591"},"modified":"2025-01-20T09:46:44","modified_gmt":"2025-01-20T09:46:44","slug":"trump-bulls-on-alert-as-indicator-hints-at-rising-selling-pressure","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8591","title":{"rendered":"TRUMP Bulls on Alert as Indicator Hints at Rising Selling Pressure"},"content":{"rendered":"<div>\n<p>U.S. President-elect Donald Trump&#8217;s <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/18\/donald-trump-official-memecoin-makes-millionaires-raffles-3-b-volumes-in-hours\" target=\"_blank\">TRUMP token<\/a> has made quite a splash in the crypto market, rapidly becoming the 21st largest digital asset with a <a href=\"https:\/\/www.coingecko.com\/en\/coins\/official-trump\" target=\"_blank\">market cap of $11 billion<\/a> in just two days.<\/p>\n<p>The TRUMP\/USDT pair has emerged as the most-traded pair over the past 24 hours on the leading exchange, Binance, representing 13.3% of the total exchange volume, <a href=\"https:\/\/www.coingecko.com\/en\/exchanges\/binance\" target=\"_blank\">according to Coingecko<\/a>.<\/p>\n<p>While this activity is thrilling, the bulls and those looking to join the market ahead of Donald Trump&#8217;s inauguration might want to exercise caution, as a key derivatives market indicator has diverged bearishly from the token&#8217;s rising futures open interest.<\/p>\n<p>Open interest in TRUMP perpetual futures has increased by 6% in the past 24 hours, according to data source <a href=\"https:\/\/velo.xyz\/market\" target=\"_blank\">Velo Data<\/a>. Although prices have retraced from $70 to $58 since the Asian hours, they remain up by 3%. <\/p>\n<p>However, the perpetual futures cumulative volume delta, which reflects the difference between buying and selling volume, has dropped by over 1%, indicating a relative increase in selling volume. In other words, traders are either taking outright shorts or bearish bets or closing long positions.<\/p>\n<p>Besides, the market for TRUMP looks overheated, with those holding long positions paying an annualized funding fee of over 170% to shorts to keep their positions open. If the market stops rallying, holding longs will become a burden, potentially spurring an unwinding of the bullish bets. That, in turn, could lead to a deeper price slide.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/0df6074fb28a96c148b28e2b9d7c6f056584a6a2-2560x1600.png\" alt=\"\"><\/p>\n<p>The chart shows most major cryptocurrencies have experienced a net selling in perpetual futures in the past 24 hours. Perhaps, market participants are fearing market-wide price losses in a classic &#8220;sell the fact&#8221; action following Trump&#8217;s inauguration.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. President-elect Donald Trump&#8217;s TRUMP token has made quite a splash in the crypto market, rapidly becoming the 21st largest digital asset with a market cap of $11 billion in just two days. The TRUMP\/USDT pair has emerged as the most-traded pair over the past 24 hours on the leading exchange, Binance, representing 13.3% of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8591","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8591"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8591\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}