According to a report, the whale activity for Polygon (MATIC) has been declining, with transactions of at least $100,000 worth of MATIC dropping by 86.5% since October 25. The asset’s social volume has also decreased by 63% in the past week. However, Polygon’s total open interest has been rising consistently over the past two weeks, indicating that investors have been opening more derivatives contracts while waiting for significant moves. The article suggests that these movements might be related to the anticipation of Bitcoin’s ETF.
AI Sentiment: Neutral