Pyth Network's PYTH token gained about 14% in the past day as activity increased across spot and perpetual markets and staking climbed to $92.76 million. The perpetual market's OI-weighted funding rate stood at roughly 0.0056%, indicating that long positions were paying shorts and that bullish positioning dominated. Open interest rose more than 10% to $57 million, while spot netflow was slightly negative at a little over -$16,000. Staking reached a level last seen on January 15, 2026, potentially reducing the amount of PYTH in circulation as demand builds. However, long liquidations of about $54,810 remained close to short liquidations of roughly $56,930, leaving the market's positioning balance vulnerable to change and keeping profit-taking and bearish activity in focus.