Injective ETF Filing Advances as INJ Approaches Key Level
Injective (INJ)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Canary Capital is advancing its proposed Staked INJ ETF filing with the SEC. This development has placed INJ price in focus as the token surpasses a major network transaction milestone. The token is currently approaching the $9 neckline of a potential double-bottom pattern that could shape its next price move.
How the market reacted
Whalio's own Binance spot order flow for INJ, measured when this story was written up on 29 September 2026. Not the outlet's figures.
Whalio spot data shows INJ trading at $7.42 with a 24-hour buy ratio of 50.5%, indicating a near-even split between buyers and sellers. However, shorter-term pressure has shifted, with the 1-hour buy ratio dropping to 41.3% and the 4-hour ratio at 49.2%. Volume delta reflects this shift, showing net selling of -$40,334 in the last hour and -$31,027 over four hours, compared to a net buying of +$127,508 over the last day. The buy ratio measures the proportion of trades executed by buyers versus sellers, while volume delta indicates the net value of buying pressure minus selling pressure. This suggests that while daily accumulation remains positive, immediate buying momentum is fading.
The latest daily buy ratio of 53.4% sits at the 91st percentile of the last 322 days, against a median of 49.8% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for INJ, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.7%, making today's 24-hour ratio of 50.5% slightly higher by 0.7 points. Spot volume was measured at 0.75x the average, indicating lighter trading activity than usual. The coin experienced a price change of -5.6% over eight days, with a total volume delta of -$853,945. Only three of the past seven days saw net buying, contrasting with the current day's positive delta. This marks an unusual day for the coin, as it is one of the few recent sessions with net buying despite lower-than-average volume.