#美联储降息 💹 FOLKS Contract Popularity Surges, Trading Volume Ranks Second Only to Mainstream Coins

Market data from December 14 shows that the FOLKS token has been making quite a splash recently. The 24-hour contract trading volume on a leading exchange has reached $2.35 billion, directly ranking in the top three across all platforms, only behind BTC and ETH. This level of popularity is indeed extraordinary.

Open interest (OI) is currently around $29.83 million, indicating that funds are continuously entering the market to build positions.

Looking closely at the market structure reveals even more interesting insights:

Among the 294 active accounts tracked, about 65% are bullish (191 accounts), with long positions totaling approximately $6.18 million, and an average buy-in price around $21.88. The remaining 35% are short positions (103 accounts), holding about $2.57 million, with an average short price of $15.64 — most of these shorts are trapped at low levels and are still holding on.

Overall, the bulls currently have the upper hand, but the cost basis for shorts is significantly lower, which means that once a rebound occurs, there could be substantial short covering pressure. The market is experiencing intensified game theory, and short-term volatility could be quite large. This asset has entered a phase of high attention; subsequent market movements are worth monitoring.