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Glassnode: TON Contract Balance Hits Highest Level Since February 18, Signaling Potential Price Correction

2025-05-29 16:19

BlockBeats News, May 29th, Glassnode posted on social media today that in the past 24 hours, the TON perpetual contract open interest surged by 33%, rising from $1.43 billion to $1.9 billion, reaching the highest level since February 18th. It is worth noting that even after the price pullback, the open interest has remained at a high level. Historical data shows that similar spikes in open interest often foreshadow price pullbacks, warranting close attention.

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