SPX6900 jumps 16% as open interest hits $42M on 4 January while shorts stay active

SPX6900 recorded a 16% price rise as fresh capital flowed into both its spot and perpetual markets, with open interest in perpetual contracts climbing 15% to $42 million on 4 January. Exchange data showed more SPX leaving trading platforms than entering, while short traders lost about $100,800 compared to $5,800 for longs, yet funding rates stayed negative, indicating ongoing short-side dominance.