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Cash Cat jumps 12% as Open Interest rises 14%, but funding rate drop stirs doubts on rally's strength.

Technical Signals
12 Oct 2026
AMBCrypto
View Source
Neutral
Cash Cat jumps 12% as Open Interest rises 14%, but funding rate drop stirs doubts on rally's strength.

Cash Cat's price surged about 12% amid a broader market recovery, with Open Interest increasing 14% to $48.37 million, indicating more capital entering the market. However, the funding rate sharply declined from 0.0441% to 0.0089%, signaling growing short positions. The Long/Short Ratio at 1.05 shows slightly more longs than shorts, but negative netflow and rising shorts raise concerns about the rally's sustainability. Despite low liquidation losses favoring bulls, uncertainty remains over whether the gains will hold.

Cash Cat's market activity is highlighted by a 14% increase in Open Interest to $48.37 million, signaling more capital entering the market. For readers following broader cryptocurrency trends, here is Pluang's market snapshot as of Oct 13, 2026 02:51 WIB: out of 50 major cryptocurrencies, only 7 rose while 42 fell. Notable movers include AAVE down 5.01%, GRT down 4.92%, and ONE down 4.61%, with Pluang order activity heavily skewed towards selling on these assets.

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