PYTH Coin Bull Run 2025-2026: Reasons and Outlook
The post PYTH Coin Bull Run 2025-2026: Reasons and Outlook appeared on BitcoinEthereumNews.com.
Its been an interesting week for the market and more so for Pyth Network and its native coin. The U.S. announced earlier this week that it will publish economic data on-chain and that it had selected Pyth as the network bring those plans into fruition. The announcement triggered a positive market reaction which cast the spotlight onto PYTH coin. The cryptocurrency experienced its biggest single-day price surge on Thursday, during which it rallied by over 100%. PYTH coin price action/ source: TradingView PYTH coin previously struggled to secure enough bullish momentum to escape its historic low range. The U.S government’s plans to migrate its economic data on-chain through PYTH was the cryptocurrency’s biggest catalyst event so far. PYTH Coin Volume Surges to Historic Levels but is it Sustainable? The PYTH coin rally was made it clear that the recent announcement made it more popular. However, the scale of that attention was even more impressive in terms of volume. According to DeFiLlama, PYTH tone volume jumped from$23.36 million on Wednesday, to $1.42 billion on Thursday. A 6,000% plus gain within a 24-hour period. Things were even more exciting on the derivatives side of things where volumes surged above $3 billion. PYTH open interest surged from $40 million on Wednesday, to $194 million. PYTH coin price’s robust upside also pushed it into overbought territory which also raised bearish expectations. This was evident by the spike in negative funding rates. This was also backed by just over $12million worth of spot outflows during the weekend, which reflected a short term profit-taking wave. The spot outflows were more than the inflows observed on Thursday but price still retained some of its recent gains. Figure PYTH spot flows/ source: Coinglass The lower outflows compared to recent outflows indicated that a significant amount of holders did…
