SEI (SEI) Crypto Market Update: Price Volatility, Declining Trading Volume, and Dominance of Bulls in Derivatives Market
- WBOYOriginal
- 2024-09-06 06:48:13759browse
The Sei (SEI) crypto currently holds a market capitalization of $899.26 Million. This positioned it as the 64th largest cryptocurrency in the global market.
The Sei (SEI) crypto has experienced a downturn in trading activity, with a 7.3% decrease in trading volume. This brought the total value traded to $74.29 million. However, despite this decline in trading volume, the token’s market cap increased by 4.05%, indicating sustained investor interest.
Over the past few months, the SEI crypto has seen a consistent decline in price. However, despite this downturn, the token remains up by 118% from its lowest point last year, showcasing its resilience and long-term growth potential.
SEI Crypto Witnesses Bulls Dominance In Derivatives
Recently, the SEI crypto has seen a decline in liquidation activity. Notably, a higher volume of short positions was liquidated within the last 24 hours, amounting to $46.65K.
In comparison, long positions worth $19.09K were liquidated, highlighting the dominance of bullish sentiment in the market.
The token’s derivatives market has also experienced a significant uptick. Over the past 24 hours, derivatives trading volume surged by 22%, reaching a traded value of $130.26 million.
This rise in activity was accompanied by a 21.5% increase in open interest, indicating growing participation and interest in the token’s futures market.
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