JELLYJELLY spot-futures price difference reaches 34%, with a certain CEX contract position increasing to $9.96 million

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Daily Crypto News Price Volatility Derivatives Data

2026-03-10 07:01:12

Gate News reports that on March 10, on-chain analyst Ai Yi monitored that JELLYJELLY’s current on-chain market capitalization is $89.95 million, while a certain CEX contract has a market cap of $67.17 million, with a spread of 34% between futures and spot prices. Data shows that the abnormal price started around 9 a.m. today, with the first peak at 10 a.m., but by 2 p.m., the on-chain price surged again while futures prices declined. The CEX JELLY contract holdings amount to $9.96 million, which surged around 1 p.m., and the current funding rate is -2%, indicating that large amounts of funds are shorting without regard to price.

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