Why is Synthetix up or down today?

According to EnsoTrade order-flow data, SNX is roughly flat 0.05% over 24h: flow is balanced with no dominant positioning shift. Longs are paying shorts (+0.0100%/8h), a crowded-long tilt; open interest fell 0.1% over the last 6h. Perp trades at a -0.191% discount to spot.

SNX signals

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 roughly flat 0.05% over 24h: flow is balanced with no dominant positioning shift. Longs are paying shorts (+0.0100%/8h), a crowded-long tilt; open interest fell 0.1% over the last 6h. Perp trades at a -0.191% discount 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?

$597,308, down 0.1% in 6h.

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