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IP Token Surges 10% Amid Liquidity Influx as Bulls Clash with Bears
IP Token Surges 10% Amid Liquidity Influx as Bulls Clash with Bears
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BTCCSquare news:
IP's price rallied over 10% in 24 hours as on-chain liquidity surged, pushing its Total Value Locked (TVL) to a record $25.33 million. The rebound from June's $10.66 million low signals renewed institutional confidence.
Derivative markets reflect the tension - Coinalyze data shows long positions gaining ground despite concentrated short pressure. Trading volume spiked 286% to $50.3 million, forcing bearish traders into unfavorable positions.
The protocol's TVL growth suggests fundamental strength, though the sustainability of this rally remains contested. Market participants now watch whether spot demand can overpower derivative-driven sell pressure.
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