Polkadot traded at $0.9385 late on Monday evening, November 2, which is 20.7 percent lower than 30 days ago. The futures market stands out: on OKX, 69.6 percent of accounts with an open DOT position are still betting on rising prices, while the funding rate of the perpetual contract has turned negative. What the data shows: many accounts hold long positions, but the side with more weight is pushing the contract price below the spot price. Our assessment follows further down, along with a calculation of the price at which a leveraged DOT long gets liquidated.
Polkadot on Monday evening: $0.9385 and down 21 percent in 30 days
According to CoinGecko, DOT traded at $0.9385 on Monday evening, the equivalent of €0.8387. Within 24 hours the price ranged between $0.9293 and $0.9644, and the daily loss comes to 0.8 percent. Over seven days Polkadot lost 6.6 percent, over one year 67.9 percent. Its market capitalisation stands at $1.61 billion, enough for ra...
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