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PROM Spot Netflow Tracks Exchange Movement as Open Interest Counts Positions

PROM Spot Netflow Tracks Exchange Movement as Open Interest Counts Positions

Photo: TokenPost

Prom’s native token is PROM, and its network is based on Polygon CDK. Spot netflow may indicate tokens moving onto exchanges, but that movement does not establish that holders sold or that sales affected PROM’s price. Futures open interest counts positions that remain open and unsettled. The measure does not show on its own whether traders are betting on a rise or a fall. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost

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