SPX (SPX6900) has experienced a significant 30% price surge in the last 24 hours, fueled by increased whale accumulation and a rise in futures open interest. On-chain data reveals that large holders have acquired 760,000 SPX tokens over the past week.
Additionally, futures open interest has climbed 15% to reach $90 million within 10 days. The price movement has broken above a descending channel, indicating a potential shift towards a bullish trend.
SPX Soars 30% as Whale Accumulation and Futures Interest Climb
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