Dash rallies on bullish perpetual futures bets and strong Binance trader activity amid crypto market recovery.

Dash (DASH) has gained notably during the recent crypto market rally, driven by increased capital inflows into its perpetual futures market and bullish positioning by top Binance traders. The derivatives market shows an 8% rise in open interest, with a positive funding rate indicating dominant long positions. Binance’s top traders have raised their exposure significantly, pushing the Long/Short Ratio to 2.54, signaling strong bullish sentiment. Meanwhile, DASH leads privacy tokens with a 20% gain over the past month, supported by net inflows and accumulation in private wallets, tightening supply and potentially sustaining the upward trend.