Bitcoin withdrawn from night over $ 116,000 to under $ 115,000 as dollar index (Dxy) remains stable despite the expectations of an impending fat rate cut.
Analysts remained optimistic and said they expect new life heights in BTC and big gains in selected few tokens, such as hype, sun and ENA.
The focus has already been changed to smaller names. Tokens such as MyX, Hash, Pengu, Pump and MNT have carved price gains over 10% this week.
“CPI + JOBS COMBO created a classic” Good News/Bad Data “trade: Inflation prints higher but weaker work data retains the easing narrative, a net positive for crypto in the short term,” Timothy Misir, leader of research, said Brn in an E email.
Derivatives Location
- Open interest in futures tied to the top 10 cryptocurrencies increased 3% -5% over the last 24 hours, when strengthening the expectations that the fat rate cuts prompt traders was more risk.
- The market still does not appear overheated, with the annual eternal financing rates for larger coins that continue to hover about 10%. Positive financing rates indicate a bullish bias among the traders. Extremely high values typically signalize market foam.
- Oi in Pengu, one of the best priesting tokens in the last seven days, hit a record high 7.78 billion coins that validated the price increase. Financing rates for the coin are slightly increased to approx. 15%.
- Smaller tokens, like Sky and Pyth, have deeply negative financing rates, a sign of bias against bearish, short positions.
- CME’s Bitcoin-Futures finally sees a Uptick in Oi that ends a decline of several weeks, while Ether Oi has withdrawn to a one month low of 1.78 million ETH. These divergent trends can be a sign of renewed trader focus on BTC. Settings OI in BTC and ETH remain elevated at Multimonth heights.
- At Deribit, BTC and ETH Options continue to show a bias against the outlet of the December outlet, despite the fact that the trading pricing of approx. Five US interest rates in July next year.
Token Talk
By Oliver Knight
- One of the founders of Thorchain, a decentralized network that allows users to send assets across blockchains, was hacked this week after being dipped by a Deepfake video call on zoom.
- “OK, so this attack manifested itself finally. Had an old metamask cleaned out,” JPTOR wrote on X.
- Peckshield noted that $ 1.2 million was stolen from a Thorchain user where Zachxbt added that the perpetrator is linked to North Korean hackers.
- Thorchain appeared as one of North Korea’s most popular money laundering tools earlier this year; Researchers estimated that 80% of the proceeds from a hack of $ 1.4 billion on Bybit had been sifoned through thorchain and protocols like Vultisig.
- Thorchain -Token (Rune) trades about $ 1.28, after losing 14% of its value in the last month and more than 90% since he hit his highest March 2024 of $ 12.95.
- The hack involved a mix of social technology and phishing, two techniques that contributed to the $ 2.5 billion stolen by hackers in the first half of 2025.
