The biggest tokens acted slowly as dealers waited for Wednesday’s Federal Reserve meeting. Solana’s Sun (Sol) stood out with almost record open interest in CME-LIGHT FUTURES.
Privacy-focused Monero (XMR) rose 6% over 24 hours and looked past the massive blockchain domicile that raised centralization problems. Other winners were IMX, almost 13%, Avax, added 6%and hash, which traded 4%higher.
The most important market signals painted a mixed image that warned of an uptick in volatility after the bold decision.
“On the surface, ETF MVRV has risen to 2.29, and liquidity prints show strong institutional bids,” said Timothy Misir, head of research, children, in an e email referring to the market value of realized value conditions.
“Below the surface, spotcumulative volume delta, even when momentum indicators were overbought. The inconsistent momentum without broad participation is the classic setup for a headline -driven retacement or a sharp follow -up if the bold meets the hope of the market.”
Derivatives Location
Of Omkar Godbole
- Most major cryptocurrencies, including BTC and ETH, continued to experience capital outflows from futures, which led to a fall in open interest.
- Avax stands out with OI increasing over 14%as token’s market capital seems to climb over $ 13 billion for the first time since February 2nd.
- Solana Oi has reached a record height of over 70 million sun, with positive financing rates pointing to bullish capital flow.
- At CME, Oi in Solana futures withdrew to 7.63 million sun from the record 8.12 million sun on September 12. Still, the three -month annual premium is well over 15%, providing an attractive dividend for transport dealers.
- BTC CME OI continues to improve, but the overall positioning remains easy compared to ether and sun futures.
- On dismissal, bias for BTC and ETH put options continue across all tenors when dealers expect feed frequency cuts. Sun and XRP settings remain partial bullish.
- On the OTC network paradigm, block currents contained BTC calendar spreads and short -circuit of call and set options.
Token Talk
By Oliver Knight
- As the crypto market stays within a tight interval after a short top and trough on Monday, a token runs its own race: IMX has increased by 15% in the last 24 hours of daily trade volume doubling to $ 144 million.
- The climb lifted the IMX, the native token of web3 play platform, unchanging, to a five-month high.
- Bullish atmosphere around unchanging can be attributed to a SEC probe that was dropped earlier this year and general optimism around the gaming sector. Gaming is estimated to reach $ 200 billion in revenue this year with additional growth forecast in 2026 along with the release of Rockstar Gaming’s Grand Theft Auto 6.
- Immutable is well positioned to take advantage of this growth after working with the game giant Ubisoft at the next iteration of power and magical fates in April.
- Blockchain technology could have a key role to play in games if trends change against ownership of the game, which could see the implementation of non-funny symbols (NFTs) in a game that could then be collected or sold to Crypto tokens.
- IMX is currently trading with $ 0.736 after breaking out of a key level of resistance. It will probably return to test $ 0.70 as support before it potentially moves higher, provided the trading volume can maintain at these levels.
