Fetch.ai's native token, FET, has surged 11% in the past 24 hours, driven by bullish momentum in the derivatives market, which shows strong inflows and a positive funding rate. Despite this upward trend, liquidity clusters above the current price level pose a risk of a potential decline, as large sell orders in these zones could trigger a sharp drop. Retail investors have notably reduced their exposure to FET, and accumulation has decreased significantly. While on-chain data indicates a bullish short-term outlook, the token's price movement will largely depend on its interaction with these liquidity clusters, which could influence its next directional move.