Why is Algorand up or down today?

According to EnsoTrade order-flow data, ALGO is down 0.90% over 24h: long deleveraging — positions are unwinding as price falls, not new short conviction. Longs are paying shorts (+0.0018%/8h), a crowded-long tilt; open interest fell 1.6% over the last 6h. Perp trades at a -0.184% discount to spot.

ALGO signals

What moves Algorand?

Algorand's short-term moves come from derivatives positioning, not just spot. EnsoTrade reads three live signals: funding (which side is crowded), open interest (new money vs unwinding), and order flow (which side of the book is absorbed). Together they show if a move is real or a trap.

Go deeper on Algorand: Algorand funding & crowding · Algorand order flow.

FAQ

Why is Algorand up or down today?

According to EnsoTrade order-flow data, ALGO is down 0.90% over 24h: long deleveraging — positions are unwinding as price falls, not new short conviction. Longs are paying shorts (+0.0018%/8h), a crowded-long tilt; open interest fell 1.6% over the last 6h. Perp trades at a -0.184% discount to spot.

What is the funding rate on Algorand?

Algorand funding is 0.00184% per 8h — longs pay shorts (crowded long).

What is Algorand open interest?

$2.47M, down 1.6% in 6h.

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