CAKE Price Eyes Major Upside Toward $5 as Open Interest and TVL Rise
PancakeSwap (CAKE)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that PancakeSwap is gaining bullish momentum as CAKE buyers defend a recent breakout. Rising open interest points to stronger trader participation in the market. With PancakeSwap’s TVL reaching $1.95 billion, improving liquidity and ecosystem activity are reinforcing the possibility of further upside if CAKE continues its current trajectory.
How the market reacted
Whalio's own Binance spot order flow for CAKE, measured when this story was written up on 6 September 2026. Not the outlet's figures.
Whalio spot data shows CAKE trading at $2.25 with a 1-hour buy ratio of 43.2%, which is lower than the 47.1% seen over the past 4 hours and the 47.3% average over 24 hours. This indicates that short-term buying pressure is fading relative to the broader daily trend. The 1-hour volume delta is -$63,093, showing more sellers than buyers in the immediate term, while the 24-hour delta is -$1,005,635. This negative delta means that overall, sellers have dominated the volume over the last day, despite the buy ratio hovering near parity. Only 9 of the last 24 hours saw net buying, suggesting inconsistent demand.
The latest daily buy ratio of 43.6% sits at the 2nd percentile of the last 324 days, against a median of 50.6% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for CAKE, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 50.4%, meaning today's 24-hour ratio of 47.3% is 3.1 percentage points below the weekly norm. However, spot volume has surged to 3.06 times the weekly average, indicating significantly higher activity. The 8-day price change was +30.6%, but the total volume delta for that period was -$1,894,772, showing persistent selling pressure despite the price rise. This is an unusual day for volume, being more than three times the average, while the buy ratio remains below its typical weekly level.