Crypto Market Leader, jumped to nearly $ 113,000 and hinted at the end of the three-day losing row. Other large coins follow BTC’s lead, with additional gains conditional on Bitcoin moving past key levels.
“Much will depend on Bitcoin Bull’s ability to overcome important resistance levels of 113,500 and 115,000. If they succeed, there will be a chance to restore uptrend. The error will increase the risk of a bitcoin correction,” said Alex Kibuptsikevich, senior analyst at FXPRO, in an e email.
Token Talk
By Oliver Knight
- Metamask’s parent company Consensys and Ethereum co-founder Joe Lubin recently confirmed that the long rumored mask-token is actually coming, and possibly “before you would expect.”
- Lubin emphasized that mask would be tied to the decentralization of certain parts of the metamask platform, moving control from a purely centralized model towards social management.
- Although no official tokenomics have yet been published, Metamask probably seems to follow a model similar to the one used by Consensys’s Layer-2 project line: To preserve a modest share for the company, while assigning much of the supply to ecosystemincitaments, developer financing and user rewards.
- In previous token launches, eligible users, especially active, have been prioritized in the distributions, which have given rise to speculation that AirDrop will focus strongly on users with meaningful activity in metamasks, such as swaps or interactions with DAPPs.
- However, some X users have warned Metamask -Tevebog owners to tip their expectations; With Wale Moca, who said users could receive only $ 8.5 each if the token debuts to a fully diluted value of $ 3 billion (FDV). It is based on 70 million users, each owning five wallets.
- Mask is now expected next to a number of larger air drops, including base, OpenSea and another Hyperliquid drop.
Derivatives Location
Of Omkar Godbole
- Aster Token’s Futures Open Interest (OI) has increased by 46%, a sharp contrast to muted OI activity in Futures tied to the top 20 tokens.
- Open interest in Bitcoin’s Tether and USD denomineed Eternal Futures, listed on larger exchanges, has been stable around 274,000 BTC since the Asian session, indicating that the futures market has not yet participated in the price of the price overnight. Maybe dealers are worried that winnings will be deleted during US hours, just as they were on Tuesday.
- XRP and ETH markets showed similar dynamics, while OI has risen in sun since Asian hours.
- Hype and XMR stood out at the press time with financing rates of over 25%.
- At CME, OI in Ether futures closes at record highs over 2.2 million ETH while the activity in BTC futures remains muted.
- On dismissal, the BTC risk change shows a bias for protective outlet until the end of June 2026. In ETH’s case, the possibilities show off to December a put bias.
