【Crypto World】TRON founder Justin Sun invested $8 million into DeFi protocol River, mainly for ecosystem expansion—plans include stablecoin liquidity and lending functionalities.
Once the news broke, the RIVER token surged by 24%, with a peak of $48.74, hitting a new all-time high. It looks quite lively, right? But data analysis firm CoinGlass poured cold water on the excitement.
They found an interesting phenomenon: RIVER’s futures trading volume far exceeds its spot trading volume. What does this mean? Many are using leverage to trade this token, rather than genuine buying and selling. Price fluctuations are driven by leverage and liquidation cycles, making market activity secondary. In other words, this rally might be more of a capital game rather than driven by fundamentals. Investors should keep their eyes open and not be fooled by superficial prosperity.
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rugpull_survivor
· 19h ago
The leeks who got liquidated in futures are about to be wiped out again. Do you really believe in a 24-hour new high? Leverage trading is not for the faint-hearted.
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DisillusiionOracle
· 01-22 11:23
Futures far surpass spot? This is just a leverage game, I should have seen through it long ago.
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BearMarketGardener
· 01-22 11:22
It's the same old trick again. How many times larger is the futures volume compared to spot? It's all leverage blowing bubbles.
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PoolJumper
· 01-22 11:13
The futures volume is so large... indicating that it's mainly driven by leverage trading; the spot market can't really support it.
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MEVHunterX
· 01-22 11:07
It's just leverage trading. With such a severe futures and spot backwardation, how dare you take the bait?
After raising $8 million, RIVER tokens hit a 24-hour high, but the anomaly in futures trading hides risks
【Crypto World】TRON founder Justin Sun invested $8 million into DeFi protocol River, mainly for ecosystem expansion—plans include stablecoin liquidity and lending functionalities.
Once the news broke, the RIVER token surged by 24%, with a peak of $48.74, hitting a new all-time high. It looks quite lively, right? But data analysis firm CoinGlass poured cold water on the excitement.
They found an interesting phenomenon: RIVER’s futures trading volume far exceeds its spot trading volume. What does this mean? Many are using leverage to trade this token, rather than genuine buying and selling. Price fluctuations are driven by leverage and liquidation cycles, making market activity secondary. In other words, this rally might be more of a capital game rather than driven by fundamentals. Investors should keep their eyes open and not be fooled by superficial prosperity.