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BOME Price Soars, Shocking Market

时间:2024-03-23|浏览:272

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Shock! !

BOME is soaring like this

The Book of Meme cryptocurrency price surged over 42% from a low of $0.0118, reaching a high of $0.01681 on Friday, March 22. At press time, BOME price was up 25.06% to $0.01494. Meanwhile, the cryptocurrency has a market capitalization of $825.06 million. Additionally, BOME’s 24-hour trading volume surged 100.10% to $1.9 billion.

Additionally, Book of Meme open interest surged 11.76% to $156.16 million. This highlights BOME’s growing popularity among derivatives traders. In addition, derivatives trading volume surged 111.96% to $3.51 billion.

The surge in BOME’s open interest played a major role in today’s price gains. Additionally, the short squeeze has significantly impacted price action. According to Coinglass, there have been approximately $2.54 million in short liquidations in the past 24 hours.

These short traders are expected to buy back their positions, which could push BOME prices higher ahead of a massive correction. Bears dominated the market, but significant long liquidation was also noted. BOME recorded nearly $2.3 million in long liquidations.

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