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PONS rallies 10% despite selling pressure and negative net inflows in crypto markets

Market News
07 Oct 2026
AMBCrypto
View Source
Bullish
PONS rallies 10% despite selling pressure and negative net inflows in crypto markets

PONS surged over 10% in 24 hours even as selling pressure persisted in both spot and perpetual markets, resulting in negative net inflows of about $7.89 million and $1.64 million respectively. Positive funding rates and a 6% rise in Open Interest to $175.09 million indicate bullish trader positioning, suggesting confidence despite the selling. Potential short liquidations above current prices could further boost PONS if triggered, but the immediate challenge remains whether new buying demand can absorb ongoing selling pressure. This tug-of-war will determine if PONS can sustain its rally or face volatility ahead.

PONS's recent 10% rally contrasts with broader market trends on Pluang, where only 7 of 50 major cryptocurrencies rose as of Oct 08, 2026 08:21 WIB. Among notable movers, EOS gained 8.13% to Rp12.649, while ENJ and THETA fell by 8.14% and 7.74% respectively. THETA's 100% buy order activity contrasts sharply with ENJ's 69% sell activity, highlighting varied trader sentiment across assets.

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