Bitcoin has jumped to over $ 121,000 from low night mode below $ 120,000 along with sharp winnings in privacy coins such as ZEC and DASH.
Dealers on decentralized exchanges continued to lean bullish, preferring out-of-the-money higher strike BTC and ETH calls. Most analysts retained constructive bias.
“The market has been raised at elevated levels, calm, fluid and calm bullish. Institutional flows remain the backbone of this phase, where ETFs act as the liquidity bridge between traditional and digital funding. Despite short-term chop, said the macro liquidity wave, business uptake and structural influx all for the continuation,” Timothy misir, leader of research said, Children.
Derivatives Location
Of Omkar Godbole
- Coinglass data shows that many btc -giving short positions face the risk of liquidation over $ 121,600. So a sustained feature over the said level could trigger a short clamp, leading to a quick rally against record heights.
- The market undergoes resetting leverage, with volatility that flushes out excess positioning on both sides, Glassnode said. Still, the overall positioning in the global BTC Futures market remains increased, with open interest just shy for the record 755K BTC.
- BNB, XRP, ADA and TRX have seen a decrease in Futures Open Interest (OI) in the last 24 hours, indicating capital outflows. BTC’s OI has increased by 1%, by ETH only 0.4%.
- The XMR market looks a little overheated with an annual financing rates approaching 60%, a sign of crazy demand for bullish efforts. Financing rates for other major tokens, including BTC and ETH, paint a bullish image, but nothing unusual.
- On decentralized exchange, there is an open interest in October 31, the outlet options concentrated in calls to strikes $ 128K and $ 145K, reflecting a bullish bias. ETH option activity is just as bullish, with OI concentrated in $ 5K and $ 6K calls.
- On the dismissed, however, the call-put-bout for BTC and ETH remains mildly negative across time frames, reflecting a bias for protective inserts. Block streams on paradigm contained eth puts and straddles.
Token Talk
By Oliver Knight
- The recent Chinese Memecoin -madness that sent tokens like giggles, 四 and 哈基米 on Pandakewap V2, which suddenly has the tile out.
- Within 24 hours, many of these assets lost more than 95% of their value and wiped out speculative gains built on hype and social momentum.
- The accident coincided with a wider Memecoin market, in which Binance founder Changpen “CZ” Zhao described as a “carnage”, powered by FUD and false rumors of token lists.
- The jump comes after Binance rolled its “Meme Rush” platform to provide a structured path to tokens before they could be converted into various decentralized and centralized exchanges.
- Like how Solana Memecoins faded in February after the launch of Trump and Melania, BNB -chain -memes appear to follow the same route to be dead.
- Pancake Swap Trading Volume has remained inflated at $ 18 bilion over the last 24 hours, with a handful of newly launched tokens catching a bid, although it is worth noting that liquidity remains relatively low; With wrapped BNB (WBNB), which has only $ 35 million value of liquidity compared to a fully diluted value of $ 1.6 billion.
