FORM Crypto Sees 14% Price Rise Amid Shifting Investor Interest

The FORM cryptocurrency has seen a significant surge in demand over the past week, with its price rising by nearly 14% as of writing. However, despite this rally, exchange-level activity is showing signs that investor interest may be shifting away from the asset's perpetual markets.

According to CoinGlass data, sellers are currently controlling 53% of FORM's perpetual market volume across ten trading venues. This has raised concerns about whether the asset can maintain its upward trajectory.

Retail traders have been driving the recent rally, but whales - investors with significant capital in the market - continue to hold a positive influence on price. However, the concentration of retail traders in the market adds to the skepticism that this group could offload their accumulated buy-side positions.

Despite predominantly short perpetual volume, spot buying remains active, with over $15 million worth of FORM purchased as of writing. This indicates continued accumulation by buyers, but also raises mixed signals about the overall outlook for the asset.