DYDX 24-hour volatility at 40.1%: On-chain trading volume surge and spot volume spike drive rebound
Bitget Pulse2026/05/08 03:59Volatility Overview
The DYDX price rebounded from a low of $0.1452 to a high of $0.2034 in the past 24 hours and is currently at $0.1997, with a fluctuation of 40.1%. The 24-hour trading volume is approximately $66.37 million, while the trading volume on the dYdX Chain platform reached $115 million to $149 million, an increase of 32.68% to 169.85% compared to the previous day; open interest (OI) rose to $53.15 million to $98.73 million.
Brief Analysis of Abnormal Movements
- On May 7, dYdX Chain’s total trading volume approached $1 billion, directly boosting the platform's activity and token demand.
- Binance spot (USDT pair) trading volume spiked multiple times, reaching $1.28 million and $547,000 within 15 minutes, accompanied by a price increase from $0.15989 to $0.17358.
- Price saw a vertical breakout on the 1-hour chart, with a 24-hour rise close to 30%, primarily driven by surging trading volumes.
Market Perspectives and Outlook
The mainstream sentiment in the community remains bullish, with many posts on platform X stating "bulls in control" and focusing on the psychological $0.20 threshold breakout, listing DYDX among the top gainers; analysts caution that an influx of new shorts (OI +97%) could trigger a short squeeze, but a failure to hold the $0.179 support would turn sentiment bearish.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, and is for informational purposes only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NVIDIA (NVDA.US) management changes may affect Anthropic's IPO plans; the market is watching whether the multi-billion-dollar investment will change
With the sudden departure of Nvidia CEO Jensen Huang, the record-breaking initial public offering plan of AI giant Anthropic is being reconsidered by the market.
Nebius Q3 results exceed expectations, capital expenditure rises to $27 billion, ARR target postponed, stock falls over 14% pre-market | Earnings Report Insights
Nebius reported Q3 revenue of $981 million (a year-on-year increase of 571%) and adjusted EBITDA of $466 million, both exceeding expectations. However, the company delayed and lowered its guidance for annual recurring revenue (ARR), stating that it is no longer applicable. Additionally, it significantly raised its 2026 capital expenditure target to $27 billion, with projections to further increase to $40 billion to $45 billion in 2027. The stock price plummeted more than 14% in pre-market trading.
AUD/USD Price Forecast: Breakdown of H&S pattern keeps the pair under pressure
U.S. Stock Market Preview | Major Index Futures Mixed; Nvidia Plunges Pre-market; Fed Officials' Speeches Incoming
Before the U.S. stock market opens on Thursday, November 12, the three major U.S. stock index futures showed mixed movements.
Crypto prices
More
