source avatarOnur 🍌🦍

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Perp volume growing 4x catches attention. Open interest growing 40x deserves even more. That gap suggests capital accumulation outpaced trading activity. Traders are leaving larger balances deployed instead of simply rotating through positions. DeFi perps increasingly look like a venue for maintaining exposure, not merely expressing short-term views. A positioning like this usually reflects confidence in market structure rather than a temporary narrative.

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