- 72.79% of Aerodrome Finance (AERO) holders are now “in the money.”
- Open Interest hit a new ATH of $55 million, with Funding Rates negative and 56% of positions shorting AERO.
Over the past day, Aerodrome Finance [AERO] made a strong upswing, hitting a one-month high.
Since successfully defending $0.5 support a week ago, the altcoin has traded within an ascending channel, reaching a local high of $0.78.
At press time, AERO is priced at approximately $0.74, having increased by 22.34% over the last 24 hours. Naturally, this uptick didn’t just push the price up—it reignited interest across the board.
Trading volume soared 35.3% to $389 million, signaling renewed market engagement.
Holders finally breathe again
Source: IntoTheBlock
According to IntoTheBlock data at, press time, 72.79% of AERO holders—about 1.21 billion tokens worth $921 million—were “in the money.”
Only 21.41% or 357.11 million AERO remained “out of the money,” showing that the majority of addresses have benefited from the price surge.
So what exactly triggered this rally?
One word: Coinbase
According to AMBCrypto’s observation, speculative traders entered the market following Aerodrome’s announcement of a partnership with Coinbase.
According to Aerodrome’s team, Aerodrome will be integrating DEXes from the base directly into the main Coinbase app.
Through this integration, Coinbase users will access and trade millions of assets on-chain. This gives traders access to tokens that are not listed on CEXes — meaning users will have significant control of their crypto assets.
Such development was viewed by many users as bullish, thus some investors entered the market to scoop up Aerodrome.
The surge in buying activity was evident in the Buy Volume, which spiked to 36 million AERO, as shown by Coinalyze data.
Source: Coinalyze
Profit-taking has begun
According to AMBCrypto’s analysis, although AERO surged over the past week, not every participant is convinced of a sustained rally.
Many investors and holders have taken these gains as an opportunity to take profit.
Source: CoinGlass
Over the past three days, AERO has consecutively recorded positive netflows, suggesting that exchanges have seen more inflows than outflows.
This implies that as prices continued to rise, more holders also turned to profit-realization.
Often, a higher exchange inflow leads to oversupply, causing downward pressure on prices. Besides exchange activities, investors in Futures markets are mostly bearish and are betting on prices to drop.
In derivatives markets, sentiment leaned bearish.
AERO’s Open Interest surged 64.2% to hit an all-time high of $55 million, reflecting increased futures participation. But here’s the twist—most of that interest is skewed short.
Source: Coinalyze
Moving forward, the Funding Rates indicated that most of these entering Futures contracts were going short, at 56%.
When the Funding Rate is negative and supported by short position dominance, it reflects strong bearish sentiments.
Will $0.70 hold the line?
Simply put, although Aerodrome has surged recently, it seems the rally is speculative and could be short-lived. If it turns out so and these sentiments persist, we could see a pullback to $0.67.
However, if the good news brings more investors and rising demand, while profit-taking behavior cools down, AERO will close above $0.7.
A daily close above here will keep the bullish momentum alive, and we could see a bounce to $0.80.
