STRK’s 20% hike — What next after altcoin sees stronger long demand?

Starknet [STRK] is in the news today after surging by roughly 20% in just 24 hours. Buying activity across the perpetual market seemed to have driven a majority of the move. The perpetual market long-to-short ratio, a metric used to classify the contribution of long and short volume for a traded asset, confirmed that long volume led STRK perpetual volume by a significant margin. All 10 major exchanges recorded higher long volumes than short volumes for STRK.

Source: AMBCrypto