Pyth Network (PYTH) demonstrated a 14% growth during the reporting period, driven by activity in the Spot and Perpetual markets, as well as an increase in staking, which reached $92.76 million. Currently, the total amount of active positions in the Perpetual market has exceeded $57 million after an increase of more than 10%.
The market situation shows a positive funding rate, which stands at approximately 0.0056%. The open interest in Perpetual also confirms the dominance of bulls, as it is at a positive level. In the Spot market, a slightly bullish sentiment has been recorded: the net flow was just over -$16,000 at the time of publication, although retreats are possible in case of further growth. As for staking, the current volume reached $92.76 million, which is the highest figure as of January 15, 2026. Staking involves locking assets to earn income from fees, indicating growing investor confidence in the long-term prospects of the asset.
At the same time, the width of the liquidation gap remains narrow: liquidations of long positions amounted to about $54,810, while short positions were around $56,930. Typically, in a bullish market with rising assets, more short positions are liquidated than long ones. This fact raises doubts about the current rally, indicating a possible shift in the balance of power between bulls and bears. In summary, Pyth Network is growing amid increased staking, but it is important for investors to remain cautious, as the capital balance can change rapidly.
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