According to EnsoTrade order-flow data, INJ is up 2.53% over 24h: new leveraged longs are driving the move (price and open interest rising together). Longs are paying shorts (+0.0100%/8h), a crowded-long tilt; open interest rose 0.9% over the last 6h. Perp trades at a -0.147% discount to spot.
| Price | $4.759 |
|---|---|
| 24h change | +2.53% |
| Order-flow regime | EXPANSION |
| Funding rate (8h) | 0.01% |
| Open interest | $3.89M |
| OI change (6h) | +0.91% |
Injective'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.
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