en.coinotag.com
-
The altcoin market is showcasing increasing bullish sentiment, notably with the long/short trading ratio for Fantom (FTM) surpassing 1.07.
-
This surge in bullish positioning aligns with heightened activity among whale addresses, indicating a potential for significant price movements.
-
According to data from Coinglass, “51.71% of positions on Fantom are now long,” underscoring a robust market optimism.
This article analyzes the current bullish trends in the Fantom (FTM) market, highlighting whale activity and trader sentiment.
Fantom’s Whale Activity Signals Strong Market Confidence
Recent analytics indicate a growing trend of whale accumulation in the Fantom ecosystem. According to IntoTheBlock, the number of whale addresses has significantly increased, coinciding with the current bullish trading sentiment. The network has reported approximately 960 active addresses, reflecting sustained institutional interest during this consolidation phase.
Active Addresses Show Institutional Interest
As per IntoTheBlock’s findings, the increase in active addresses often correlates with potential price hikes. This phenomenon is particularly notable as large holders typically amass investments during periods of price consolidation. The current upswing in FTM address activity points to a consolidation phase that could lead to notable price changes in the coming weeks.
Social Media Metrics Reflect Increased Engagement
Fantom has witnessed a remarkable rise in its social volume metrics, reaching levels not seen since September 2024. This escalation in social engagement feeds into the observation that higher social media activity often precedes substantial price trend changes. With current social volume peaks, there’s an increasing emphasis on market attention towards FTM.
Market Sentiment and Its Role in Price Movement
The correlation between social media activity and price trends is evident from past Fantom price rallies. Increased discussions and mentions create a positive feedback loop that attracts market participants, potentially indicating future upward momentum for FTM as trading volumes rise.