Bitcoin ETF

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FLOKI

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<a href="https://crypto.news/price/floki/">FLOKI</a> has been constantly rising over the past week, marking a 30% surge in seven days. The rally has helped the asset reach a local top as more investors hop in. 
FLOKI is up by 3.5% in the past 24 hours and is trading at $0.000041 at the time of writing. The asset’s market cap rose to $387 million with a daily trading volume of $132 million — FLOKI is the 123rd largest cryptocurrency.&nbsp; 
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 FLOKI price, social volume, open interest and total funding rate – Dec. 5 | Source: <a href="https://app.santiment.net/charts/KIZCZZIw__sCl" target="_blank" rel="noopener">Santiment</a>
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Moreover, data from DYOR.net shows that FLOKI is the top USDT trading pair on the largest crypto exchange, Binance. The memecoin has a daily trading volume of around $38 million on Binance.&nbsp; 
 You might also like: <a href="https://crypto.news/blackrock-and-bitwise-amended-applications-for-spot-bitcoin-etf-yet-again/"> BlackRock and Bitwise amended applications for spot Bitcoin ETF yet again </a> 
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 <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a> scan results on 1h Top 5 on BTC pair<a href="https://twitter.com/search?q=%24STX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$STX</a> <a href="https://twitter.com/search?q=%24MAV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$MAV</a> <a href="https://twitter.com/search?q=%24CFX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$CFX</a> $AUCTION <a href="https://twitter.com/search?q=%24SUPER&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SUPER</a> Top 5 on USDT pair<a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$FLOKI</a> <a href="https://twitter.com/search?q=%24OXT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$OXT</a> <a href="https://twitter.com/search?q=%24ASTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ASTR</a> <a href="https://twitter.com/search?q=%24HBAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$HBAR</a> <a href="https://twitter.com/search?q=%24FORTH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$FORTH</a> Full scan results:<a href="https://t.co/7toPeZMbD4" target="_blank">https://t.co/7toPeZMbD4</a> <a href="https://t.co/qKgcSVzEIB" target="_blank">pic.twitter.com/qKgcSVzEIB</a>— DYOR.net Crypto Screener (@DyorNetCrypto) <a href="https://twitter.com/DyorNetCrypto/status/1731903235974185299?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 5, 2023</a>
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The recent bullish momentum for <a href="https://crypto.news/floki-and-tokenfi-form-partnership-with-legendary-cricket-teams/">FLOKI</a> has helped it reach its seven-month-high — a price point last seen in early May. 
According to data provided by the market intelligence platform Santiment, FLOKI’s social activity has doubled — rose by 100% — over the past day.&nbsp; 
Furthermore, Santiment data shows a 20% rise in FLOKI’s total open interest (OI) as more traders try to profit from the memecoin’s bullish momentum. Per data from the market intelligence platform, FLOKI’s total OI hiked from $2.2 million on Dec. 4 to $2.6 million at the reporting time. 
According to Santiment, the surge in FLOKI’s OI comes as long-position holders dominate the asset. The total funding rate aggregated by <a href="https://crypto.news/floki-rebuts-bitgets-manipulation-accusations/">FLOKI</a> tripled over the past day, rising from 0.02% to 0.06%, per Santiment. 
On the other hand, the memecoin’s price-daily active addresses (DAA) divergence declined to negative 151%, suggesting a strong sell signal, according to Santiment data. The “sell signal” surfaces as FLOKI’s recent upward momentum might have been triggered by big whales and high volatility is expected.&nbsp; 
 Read more: <a href="https://crypto.news/nearly-50-of-crypto-investigations-in-2022-involved-tax-issues-irs-says/"> Nearly 50% of crypto investigations in 2022 involved tax issues, IRS says </a>

FLOKI investors long while sell signal surfaces

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