edgeX Rally Faces Uncertainty Amidst Derivatives Trader Hesitation

edgeX (EDGE) experienced an 11% price surge over the past two days, becoming one of the top-150 cryptocurrencies to benefit from a broader market rebound.

The altcoin's rally was supported by several capital and structural signals, including increased accumulation and Spot outflows. According to CoinGlass data, investors purchased and withdrew $16.18 million worth of EDGE in the past week, pushing Spot Netflow to -$1.05 million.

Despite this bullish structure, derivatives data revealed some hesitation among traders, with a 0.84 Long/Short Ratio indicating more short than long accounts despite positive Funding Rates and continued Spot outflows.