Key Takeaways
Pengu’s Open Interest surged 23.39% to $461.98 million, reflecting strong speculative positioning. Meanwhile, Spot Taker CVD shifted to neutral, easing bearish pressure and hinting at balance.
Pudgy Penguins [PENGU] has shown a consistent market rhythm, where every explosive rally has been followed by sharp corrections before recovering again.
At press time, the token traded at $0.03687, up 8.77% in the last 24 hours, reflecting renewed investor interest. This repeating cycle highlights a behavioral trend in both retail and institutional positioning.
Therefore, traders are closely watching for the next surge, as past patterns have often preceded aggressive upward moves after each reset. The question now is whether this fresh rebound marks the beginning of another breakout leg.
Source: X/Ali Charts
Open Interest surge signals rising market appetite
Open Interest (OI) has increased by 23.39%, reaching $461.98 million, at press time, a sign of heightened speculation and deeper capital inflows into PENGU derivatives.
This significant jump shows that traders are re-engaging aggressively, likely positioning for the next volatile move.
Moreover, such a rise indicates growing liquidity, which often amplifies price swings in both directions.
However, the sustained growth favors bullish setups, as capital entering long contracts has outweighed short-side interest.
Thus, this metric strengthens the case for another explosive cycle if momentum persists and market demand continues accelerating.
Shorts feel the squeeze as liquidation data shifts
Liquidation data underscores a growing imbalance between short and long positions, with $583.86K wiped out from shorts against only $120.53K from longs.
This trend suggests bears are being forced to exit as price action continues to rise, further supporting bullish market pressure.
Moreover, repeated short liquidations often fuel upward spikes, as forced exits drive momentum higher. However, the fact that longs remain relatively stable suggests traders are cautiously confident.
Therefore, this imbalance indicates bears are under stress while bulls are slowly regaining control, a potential precursor to sustained rallies.
Spot taker CVD neutralizes after months of sell dominance
The 90-day Spot Taker Cumulative Volume Delta shows a critical shift as order flow moves from seller dominance into neutral territory. For months, selling activity defined market sentiment, weighing on every attempted rebound.
However, the return to neutral indicates pressure is easing, opening the door for a balanced flow between buyers and sellers.
Therefore, this stabilization may serve as the base for a stronger trend reversal, especially when combined with growing derivatives activity.
Traders now have reason to monitor closely whether this neutrality evolves into buy-side dominance in coming weeks.
Is PENGU gearing up for its next big run?
The combination of rising OIt, increased short liquidations, and a neutralized CVD paints a compelling setup for PENGU.
After following a repeating cycle of rallies and corrections, the token now appears positioned for another potential breakout.
While risks remain if selling pressure resurfaces, current market data suggests conditions are steadily shifting in favor of bulls, preparing for the next move.
