The River (RIVER) token posted a notable 11% rally over the past day, significantly outperforming broader market gains. This surge was driven by a $31 million increase in perpetual futures market capital, pushing total Open Interest to $196 million. However, data reveals growing bearish positioning on major exchanges, with long-to-short ratios on Binance and OKX falling well below 1, indicating prevailing selling pressure and introducing potential downside risk despite recent buyer accumulation.
The River token attracted renewed investor interest with an 11% price rally, outpacing most of the cryptocurrency market. This move arrived as community sentiment had recently drifted toward neutral territory, reflecting broader market imbalance.
The price surge stemmed from increased capital inflows into the perpetual futures market. Data from CoinGlass shows RIVER’s Open Interest rose by $31 million over the past day, reaching $196 million.
The OI-Weighted Funding Rate confirmed most leveraged traders were positioned on the long side. When the rate turns positive, it indicates that traders holding long positions are paying funding fees to shorts, reflecting bullish positioning.
Despite the inflow, not all investors shared the bullish outlook. According to data from CoinGlass, the long-to-short ratio indicates traders on both Binance and OKX currently lean bearish.
At the time of writing, Binance recorded a long-to-short ratio of 0.56, and OKX reported an even lower 0.36. Both readings remained well below the neutral threshold of 1, highlighting growing bearish positioning.
The Accumulation/Distribution indicator suggested buyers had started entering the market, even within a historically bearish zone. Over recent days, the metric showed a noticeable shift toward accumulation, indicating buying pressure had recently exceeded selling pressure.
This development supports the idea the short-term trend is turning bullish. However, the indicator still operates in negative territory overall, meaning the market has not fully overcome previous sell pressure.
