Conflux drops 11% but strong buying from Binance top traders and spot buyers suggests mixed market signals.

Conflux (CFX) fell 11% in 24 hours, yet the perpetual funding rate stayed positive, indicating more long traders despite price decline. Binance's top traders showed bullish behavior with a long-to-short ratio above 2, while spot traders added $229,000 in purchases this week, following $11 million net inflows last week. However, overall distribution volume suggests cautious trading ahead as selling pressure remains significant. This mixed activity signals investors should watch for potential volatility and market shifts.