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Why is Synthetix up or down today?

According to EnsoTrade order-flow data, SNX is up 1.08% 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 +0.234% premium to spot.

Source: EnsoTrade live order-flow · as of 2026-07-01T15:40:00Z · 15-min delayed (real-time free with a 3-day trial).

SNX signals

Price$0.215
24h change+1.08%
Order-flow regimeEXPANSION
Funding rate (8h)0.01%
Open interest$548,613
OI change (6h)+0.87%
See Synthetix live on EnsoTrade →

What moves Synthetix?

Synthetix'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 Synthetix: Synthetix funding & crowding · Synthetix order flow.

FAQ

Why is Synthetix up or down today?
According to EnsoTrade order-flow data, SNX is up 1.08% 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 +0.234% premium to spot.
What is the funding rate on Synthetix?
Synthetix funding is 0.01% per 8h — longs pay shorts (crowded long).
What is Synthetix open interest?
$548,613, up 0.87% in 6h.

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