Filecoin Buyers Rally Behind 13% Surge

Key Summary

Filecoin (FIL) has seen a 13% price gain over the past day, but the rally lacks confirmation from positive Spot Netflow readings, which showed that selling volume slightly exceeded buying volume. Despite this, perpetual traders remain bullish, with a Long/Short Ratio of 1.0475, indicating that buyers are slightly ahead of sellers. However, the rally's sustainability remains uncertain, with potential liquidation clusters around the $1.05 region, which could trigger Long Liquidations and add selling pressure.