The Toncoin (TON) price is trading at 20-30% below its all-time high, indicating a significant balancing process for both long-term investors and short-term traders.

According to the evaluations made by CryptoQuant analyst ShivenMoodley, there has been a remarkable balancing process in the TON market recently.

The Sharpe Ratio, having recorded a slight decline from its peak at the end of 2024, signals a slowdown in risk-adjusted returns. This indicates a period in which the market is gaining stability with the expectation of an altcoin season.

TON Price and Profit Analysis

The price of TON is currently 20-30% below its all-time high. This indicates that the asset has not yet fully recovered its previous peaks.

However, signs of recovery in the market have increased the confidence of long-term investors in the resilience and growth potential of TON. Short-term investors, on the other hand, approach the market with cautious optimism, taking into account the opportunities and risks that expected regulatory developments in 2025 may bring.

Open Positions and Funding Rates

According to the analysis, Open Positions (Open Interest) and Funding Rates indicate that participation in the TON ecosystem continues steadily.

Balanced funding rates indicate that demand is relatively equal for long and short positions, indicating that the market is currently in a cautious balance.

In light of these indicators, the TON market is considered to offer opportunities for both long-term investors and short-term traders. During this period of market recovery, the risk-adjusted return opportunities offered by the Sharpe Ratio, in particular, are noteworthy.