FOLKS contract trading is booming, smart money position analysis: primarily long positions holding low levels

【CryptoWorld】Recently, the contract activity of FOLKS has been quite impressive. According to on-chain analyst monitoring data, the 24-hour futures trading volume of this token has ranked among the top three in the market, only behind BTC and ETH, with a trading volume of up to $2.35 billion. Even after several rounds of fluctuations, the open interest remains at $29.83 million.

What’s even more interesting is the real position movements of smart money. Analyzing 294 top trader accounts, long positions clearly dominate — 65% of accounts (191) chose to go long, with a total position of $6.18 million, and an average opening price around $21.88. On the other hand, the shorts, though fewer in number (35%, 103 accounts), hold a position of $2.57 million, with an average opening price as low as $15.64.

From this price difference, a clue can be seen: shorts are mainly entering at lows, and are now mostly holding on. In contrast, although there are more longs, their opening prices are higher, indicating more direct risk and reward. This positioning pattern reflects market expectations of a divergence in FOLKS’s future trend.