Reviewed by Reviewed by Saman Waris Updated 16:00 EDT October 6, 2026 Share Share Share Back to Top Cap [CAP] surged roughly 23% in the past day as bullish sentiment in the market has remained on the higher side
The perpetual market has played a role in the rally, with the Funding Rate and Open Interest confirming that there is buying pressure in the market
The Funding Rate presently has a reading of 0.0050%, while Open Interest rose roughly $6.16 million to $32 million at press time. When the Funding Rate is mildly positive and Open Interest and the asset price are rising, it confirms that there are more long positions in the market
These longs are paying the funding fee and keeping the markup price between the Spot and perpetual market prices for CAP minimal in the market
Traders have increased capital flow into the perpetual market over the same period, with about $44.7 million in inflows and netflow at $1.21 million, suggesting they are actively positioning for a near-term rally
The Taker Buy/Sell Ratio has been positive, with more buy volume than sell volume within the 24-hour window
Taker Buy presently has a reading of around 1.02, according to data from CoinGlass, implying that there has been more buying volume as it trades above 1
Presently, the total volume in the perpetual market has a reading of $102.67 million. On a broader level, there has been a rise in trading volume across the market
The total volume across the Spot and perpetual markets surged to roughly $126 million, with volume up over 450% in the past day
When there is a rise in volume alongside price, it confirms that the bulls’ strength in the market is on the higher side and that the asset is likely to continue in its upward direction
The liquidated capital analysis shows that the market is tilted in favor of the bulls, as short traders have accumulated the most losses
The liquidated capital analysis for the 6th of October shows that while longs have lost a meager $8,260, short traders have lost roughly $99,300 within the same period
This implies that CAP’s short traders have lost 12 times more than longs so far today, suggesting the scale of bullish activity in the market
In fact, a similar buildup occurred on the 5th of October, when shorts lost roughly $47,160 in the past day, while longs lost $3,440, giving shorts 13.7 times more losses than longs
For now, the market signals a strong bullish presence, and investors betting against a rally should be cautious, as short losses have dominated
Olayiwola Dolapo is a Crypto Research Analyst at AMBCrypto, driven by a mission to make the digital asset space more transparent and understandable for all. His journey was catalyzed by an early experience in the market that underscored the importance of deep, foundational knowledge—a principle that now guides his professional work
