COINOTAG News, citing on-chain analyst Ai Auntie, reports that the 24-hour FOLKS contract trading volume on Binance surged to third behind BTC and ETH, hitting $23.5 billion, while open interest sits at $29.83 million.
Among 294 Smart Money traders on Binance, 65% (191) hold long positions totaling $6.18 million, with an average entry of $21.88; 35% (103) are net shorts at $2.57 million, with an average entry price of $15.64, predominantly resting orders at the lows.
Taken together, the observed gap between elevated FOLKS activity and a long bias among Smart Money positions signals a measured appetite for leverage in crypto derivatives, with BTC and ETH acting as market risk benchmarks for participants.
Source: https://en.coinotag.com/breakingnews/folks-on-binance-hits-23-5b-in-24-hour-contract-volume-ranks-3rd-behind-btc-and-eth-as-smart-money-bets-65-long
