River (RIVER) Reaches All-Time High as Derivatives Market Sends Warning Signal
The River (RIVER) token hit a new all-time high, but derivatives market data suggests the rally may be engineered and risky.Summary
The River (RIVER) token, a native asset for a chain-abstraction stablecoin protocol, surged to a new all-time high of $48.56, marking a nearly 750% rally over the past month. This surge coincided with the announcement of an $8 million strategic investment from Justin Sun to support ecosystem integration with TRON.
However, the derivatives market is flashing significant warning signs. Data from CoinGlass indicates that RIVER's futures trading volume exceeds its spot volume by over 80 times, suggesting the price discovery is being constructed through leverage rather than organic market demand. CoinGlass warned that this structure is engineered, involving cycles of suppressed prices, deeply negative funding rates to attract short positions, followed by forced liquidations and sharp rallies, advising against participation.
Furthermore, some analysts are forecasting a potential price downturn for RIVER, drawing comparisons to past token declines. The market now awaits to see if the token can sustain its gains amid these technical warnings.
(Source：BeInCrypto)