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Market Cap: $ 3 787 132 962 593 / 24h Vol: $ 200 392 171 953 / BTC Dominance: 58.653467328398%

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Cosmos [ATOM]: Institutional investment drowns as traders eye longs, more inside

Cosmos [ATOM], whose objectives centered around an interconnected economy of blockchains, were part of the assets that experienced massive institutional outflows over the previous week.

According to CoinShares’ weekly fund flow report, Cosmos’ outflows in this regard were about $1.6 million. This made it the third project with the highest exit, behind Bitcoin [BTC] and Ethereum [ETH].

Read Cosmos’ [ATOM] Price Prediction 2023-2024

Despite the development, ATOM gained 9.34% in the last seven days. The rise in value also helped traders maintain a positive status quo towards the cryptocurrency. At press time, the Binance funding rate resisted the red area and stayed put at 0.01%.

The metric describes the periodic payments gotten by long or short traders based on the difference between open contracts and spot prices. So, the 0.01% position implied that ATOM traders got a premium interest rate per finding interval.

ATOM price and ATOM funding rate

Source: Santiment

On Open Interest (OI), Coinglass’ data revealed that a lot of traders were actively participating in the ATOM pairs market. At the time of writing, the futures market OI was green in the last one to four hours across the top exchanges.

In addition, the top position held by traders in the derivatives market was mostly long. However, a minute part of the lot was undecided. This might not be surprising, especially as ATOM’s price consolidated over the last 24 hours.

ATOM long positions

Source: Coinglass

But in terms of liquidations, longs have also been the casualties – this has been the case since 16 February. The last time shorts significantly suffered for their open positions was 15 February. During this time, traders suffered $432,000 worth of long liquidations. However, Coinglass showed that the market wiped only $39,780 over the previous 24 hours.

ATOM liquidations

Source: Coinglass

Recently, the Interchain Foundation, which is the team building the Cosmos blockchain, reiterated its dedication to supporting its stack.

1/ 2023 is an exciting year for the Interchain.

It’s an opportunity to rebuild from the uncertainty of 2022.

Rebuild infrastructure, goals and trust.

Today, we share our 2023 funding overview, reinforcing our commitment to support the Interchain Stack. pic.twitter.com/AH3hpHp2kl

— Interchain Foundation (@interchain_io) February 20, 2023

How much are 1,10,100 ATOMs worth today?

The Foundation noted that the market downsides of 2022 would not stop it from supporting further adoption and real-world use cases. The announcement mentioned,

“Even during this challenging period for the blockchain space, we remain committed to supporting core technologies.”

In response to the assurance, Cosmos’ development activity rose over the last few days. The metric defines how committed a project is to sustaining upgrades on its network.

However, there has been a decline lately but might not be considered as a noteworthy downside to Cosmos’ support. Meanwhile, its total NFT volume reached a one-week high of $846,000 on 20 February based on data from Santiment.

Cosmos development activity and NFT sales volume under the Cosmos blockchain

Source: Santiment

Source

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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