CAP crypto plunges 19% – Will $682K in outflows fuel a rebound?

Cap [CAP] has had a sluggish start to the day, with the asset declining roughly 19% in the past day at press time, as bearish selling pressure continues to weigh on its price. However, activity in the perpetual and Spot markets, alongside traders’ positioning for a potential bull run, could drive a rebound in CAP’s price in the near term. Long positions dominate despite price decline Positioning in the perpetual market has been one of the hints suggesting that CAP could see a short- to near-term rally, based on the Funding Rate data. Funding Rate tracks whether long or short positions dominate an asset’s perpetual market.

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