Bitcoin trades with $ 111,000 on Tuesday as it clings to the critical level $ 110,000 support level.
The world’s largest cryptocurrency has struggled to recover after a weekend sale that saw it tumbling from $ 121,000 to $ 110,000, wiping out $ 500 billion in terms of overall Crypto Market Cap.
Altcoins have worked even worse too late; Plasma is down by 58% in a week, while FET, Up and ETHFI all lost more than 35% of their value.
Derivatives Location
- The BTC Futures market seems to stabilize after its recent volatility. Open interest rates have settled around $ 25.5 billion and show no major changes from yesterday after this weekend’s significant fall. The 3-month annual basis now acts at a lower interval of 5-6%, a decrease from its former rebound and indicates an easy cooling of bullish atmosphere. A key settlement remains in financing rates, with Bybit’s rate becoming negative to -5%, while hyperliquids remain positive at 10%. This suggests a mixed and complex market mood with strong but isolated long and short conviction across different platforms.
- The market for BTC Options shows a significant bullish acceleration. The 24-hour put/call volume is now grossly balanced at a 50-50 split, a shift from being called dominated, while 1-week 25 delta crook has spiked dramatically to 12.62%. This high positive crooked indicates a significant premium for call options over puts showing that dealers are aggressively ranking upward price and are willing to pay a prize for bullish exposure.
- Coinglass data shows $ 627 million in 24 hours of liquidation with a 70-30 split between along and shorts. ETH ($ 185 million), BTC ($ 125 million) and others ($ 69 million) were leaders in terms of nominal liquidation. Binance -likvidation Heatmap indicates $ 110,600 as a core liquidation level to monitor, in case of a price drop.
Token Talk
By Oliver Knight
- Plasma XPL $ 0.4163 fell another 13.5% on Tuesday and extended its losses to 52% since its debut at the end of September.
- The stablecoin-focused LAG-1 blockchain faces skepticism about its tokenomik and large “ecosystem & growth” awards.
- Circulating Supply is at 1.8 billion against a total of 10 billion, pointing to many years of potential sales pressure when awarded tokens unlocking.
- Tokens was sold in the public round of $ 0.05 each, leaving ICO buyers comfortably in profits at current prices of about $ 0.41.
- Investors who bought after exchange lists face steep losses in the midst of weak market mood.
- Analysts expect that continued downward pressure when the early investor -tokens become fully fluid, Icodrops data shows that a larger unlock in 2nd quarter will occur from 2026.
