Glassnode: TON contract holdings soar to their highest level since February 18th, indicating an imminent price correction

BlockBeats News: On May 29th, Glassnode posted on social media that the holdings of TON perpetual contracts have surged by 33% in the past 24 hours, from $143 million to $190 million, reaching the highest level since February 18th. It is worth noting that even after a price correction, the position remains at a high level. Historical data shows that a similar surge in open interest often indicates a price correction and deserves close attention.