TechFlow News: On March 10, according to on-chain analyst Ai Aunt (@ai_9684xtpa), JELLYJELLY’s current on-chain market capitalization stands at $89.95 million, while its Binance perpetual contract market capitalization is $67.17 million—resulting in a futures-spot price spread of 34%. Data shows that the price anomaly began around 9 a.m. today; the first price peak occurred at 10 a.m., but when the on-chain price surged again at 2 p.m., the futures price declined. The open interest for Binance’s JELLY perpetual contracts is $9.96 million, which spiked sharply around 1 p.m.; the current funding rate is -2%, indicating substantial short-selling activity, with traders aggressively selling regardless of price.
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