TON Perpetual Contracts Surge 33% in 24 Hours

According to BlockBeats, Glassnode reported a significant increase in TON perpetual contract holdings over the past 24 hours. The holdings surged by 33%, rising from $143 million to $190 million, marking the highest level since February 18. Despite a price correction, the holdings have remained elevated. Historical data suggests that such spikes in open interest often indicate potential price corrections, warranting close observation.