Glassnode: TON contract holdings have surged to their highest level since February 18, indicating an imminent price correction

Glassnode posted on social media that in the past 24 hours, TON perpetual contract positions have soared by 33%, from $143 million to $190 million, the highest level since February 18. It is worth noting that even after the price correction, the position remains high. Historical data shows that similar spikes in unpositioned squaring often herald price pullbacks and deserve close attention.