This indicator is used as an important tool in analyzing the potential transformation of the market and investor behavior. Currently, US President-elect Donald Trump’s TRUMP token has made a huge impact on the crypto market, quickly becoming one of the largest digital assets with a market cap of $11 billion.

TRUMP token, which managed to become the 21st largest digital asset in just two days, has created very high transaction volumes on major exchanges such as Binance.

According to Coingecko data, TRUMP/USDT parity was the most traded parity on Binance in the last 24 hours, accounting for 13.3% of the total exchange volume. This intense trading volume has increased the influence of the TRUMP token on the market not only as a token but also as a major speculation tool.

However, it is also a fact that this rapid rise needs to be monitored carefully. Because some indicators indicate that there is some selling pressure behind the token’s rise.

The TRUMP token has experienced a noticeable increase in the futures market, especially in open positions in futures. According to data, open interest in TRUMP futures increased by 6% in the last 24 hours.

Although prices have fallen from $70 to $58 since the Asian session, they continue to show an overall increase of 3%.

This, as well as the price movement of the TRUMP token, also indicates increased investor interest in the futures market. However, another important factor to consider here is the cumulative volume delta indicator.

Cumulative volume delta is a tool that shows the difference between buying and selling volume and is often used to determine the direction of the market. For the TRUMP token, this indicator showed a decline of more than 1%.

This indicates that investors are entering into selling pressure and are making more sales transactions in general. This indicates that investors are opening short positions or closing long positions.

These developments in the market show that the TRUMP token is overheating. Investors holding long positions pay a funding fee of more than 170% per year on short positions to keep their positions open.

This could create a “bubble” effect in the market, forcing a correction after the price of the TRUMP token gets too high. If the market rally stalls, investors may begin to close out their long positions, causing prices to fall even further.

Charts show that most major cryptocurrencies experienced net selling in futures in the last 24 hours. This shows that investors think they may face the risk of a possible market-wide price loss following Donald Trump’s inauguration.

Besides these, many investors are still looking to make quick profits by investing in the TRUMP token before Trump’s inauguration. However, it should be noted that such rapid price movements are often not sustainable and the market carries the risk of a pullback.

Investors, especially those making short-term transactions, should be careful about possible turns and corrections in the market. In high-volatility assets like the TRUMP token, properly managing risks is critical for investors to be successful.