According to reports from AMBCrypto, PONS rallied more than 10% over the past 24 hours ending October 7, even as selling pressure accompanied the move. The cryptocurrency recorded approximately −$7.89 million in perpetual Net Inflow, which tracks buying volume minus selling volume, with negative readings indicating that selling outweighed buying. The spot market showed a similar imbalance with a 24-hour Net Inflow of −$1.64 million, alongside $10.64 million in buying-side Inflow, suggesting net selling despite the positive price movement.
As reported by AMBCrypto, the Funding Rate and Open Interest provided a more encouraging picture of derivatives positioning. PONS recorded a positive Funding Rate of 0.0032%, which means longs pay shorts, generally reflecting a bullish tilt. Open Interest rose roughly 6% to $175.09 million over the same period, indicating that outstanding exposure had expanded. This growth suggested continued appetite for bullish positioning, without establishing that all new positions were longs.
According to AMBCrypto, the Liquidation Heatmap showed a greater concentration of estimated liquidation levels above the price, representing potential forced closures of leveraged positions. If PONS climbed into those zones, Short Liquidations could add buying pressure and accelerate the move. However, the concentration alone could not guarantee that the price would reach them, as lower liquidation clusters left room for volatility if sellers gained control. For now, bullish positioning supported the upside case, while negative Net Inflows challenged the rally's buying support.
