BONK has seen a significant rise in Open Interest, increasing by 35%, which implies a heightened level of interest from traders in the token. This surge is a key indicator that the token could experience substantial future price movements, potentially leading to a 240% rally.
The Long/Short ratio for BONK also provides further insights into trader sentiment and positions within the market. This metric, when analyzed alongside Open Interest, can give a clearer picture of how traders are reacting to current market conditions.
