MERL Rallies 16% on Liquidity Inflow Amid Bitcoin Calm, Pullback Risks Emerge

Dec 14 2025 bitcoin


The MERL token, powering the Merlin Chain Bitcoin layer-2 solution, has surged 16% amid rising on-chain activity and liquidity inflows, reaching an all-time high open interest of $75.79 million. Holder count hit 173,800, signaling strong interest despite Bitcoin's stable range. MERL's perpetual open interest climbed to $75.79 million, up $27 million in one day, reflecting [...]

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