Toncoin Open Interest Spikes 33%—Will History Repeat With A Pullback?

Data shows the Toncoin (TON) Open Interest has registered a spike in the past day. Here’s what could happen next, according to historical trends. Toncoin Open Interest Has Hit Its Highest Since February In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the Open Interest for Toncoin. The “Open Interest” here refers to a metric that keeps track of the total amount of perpetual futures positions related to TON (in USD) that are currently open on all derivatives platforms source: https://www.newsbtc.com/toncoin-ton/toncoin-open-interest-spikes-33-repeat-pullback/