As reported by AMBCrypto, Merlin Chain (MERL) has surged 16% amid a liquidity boom, with perpetual Open Interest (OI) reaching a new all-time high of $75.79 million. The token holder count has risen to 173,800, and long positions dominate market activity. Despite bullish momentum, liquidity clusters below current levels suggest a potential short-term pullback.
Merlin Chain Surges 16% Amid $75M OI Peak, Signs of Potential Pullback Emerge
AMBCryptoShare
Summary
Merlin Chain (MERL) climbed 16% as perpetual Open Interest hit $75.79 million, a new on-chain data high. Holder count now stands at 173,800, with longs driving the rally. On-chain data shows liquidity clusters below current levels, hinting at a possible market pullback.
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