The Cryptocurrency Market experienced broad losses on Monday, while the US stock index futures held steadily in front of a crucial meeting between European leaders and US President Donald Trump aiming to shape the Ukrainian’s future.
Market volatility across several asset classes fell sharply as investors looked forward to Federal Reserve President Powell’s speech at the Jackson Hole Symposium later this week, where he is expected to signal the possibility of September bets.
Bitcoin (BTC), ether (ETH) and other larger tokens dropped, while Crypto Oracle Chainlink’s Link -Token kept steady. Solana hit an important milestone in transaction rates. On the macrofone, some observers Japan’s plans to approve his first Yen-supported stablecoin in the third quarter as a game change.
“From Tokyo to Wall Street, bigger players lock in positions, and it looks like the next leg up can be less about hype, and more about placement in a mature ecosystem,” Mena Theodorou, a co-founder of Crypto Exchange Coinstash, said in an email.
Derivatives Location
– Omrar Godbole
- Bitcoin’s price drop since Friday is characterized by a steady increase in Futures Open Interest (OI), which has risen to 720,000 BTC, most since August 2nd.
- At the same time, positive financing rates are fading, indicating that Bearish short positions are gaining momentum in the market.
- The same can be said for the Ethermarket, where open interest has risen to 14.34 million ETH, also the highest since August 2nd.
- Oi in Link, which has bowed the wider market weakness, reached a record -high link of 68.13 million together with the annual financing rates of approx. 10%. The combination points to investor interest in chasing price gains.
- At CME, open interest in Solana futures is hovering with a record height of over 4.6 million sun. However, the annual three -month prize has dropped sharply to 15% from 35% last week. The prize for BTC and ETH remains locked near 10%.
- Open interest in CME Bitcoin futures remains good below July heights pointing to low participation from institutional dealers. Oi here has continued to print lower heights since December and diverges Bearishly from the new heights in the spot price.
- At the dismissed, risk transfers showed off to the November outlet a bias for putting options, as the spot price has spurred the demand for the protection of downward. In ETH’s case, Bearishness was pronounced at Kortend.
- Block streams contained a giant short choking that involved the writing of $ 4.4,000 puts and $ 4.7,000 calls. The trader collected a $ 680,000 prize that is betting on a spacing game between $ 4,040 and $ 5,020.
- In BTC’s case, a trader option on September 25 brought out September 25th outlets for $ 110,000 and expected a price sale.
Token Talk
- Solana’s Liquidations on the chain exceeded dry by centralized exchanges over the weekend, with $ 37.4 million sun washed on blockchain versus $ 20.9 million on CEXS. Operation and Hyperliquid carried most of the current, showing how much perp activity is migrated on the chain.
- Hyperliquid Oi in Sun hit a record $ 1.2 billion, even when Binance’s volumes slipped. Total Oi is back near $ 5 billion, with whales split: 59 wallets long, 70 short. One standout, “White Whale,” has a $ 79 million 20x geared long now, now $ 1.22 million in the red one.
- Ecosystem fees are back over $ 1 million a day as Jupiter, Jito and Kamino look fresh influx. Stableecoins at Solana have crossed $ 12 billion, with almost half of the new capital wanding in from Ethereum.
- ONE Shiba Inu (Shib) Whale moved 3 trillion Shib (~ $ 38 million) from Coinbase Institutional to cold storage on August 15 and signalized conviction of trade. The wallet had no previous history.
- The move coincided with Shib’s combustion rate, which jumped nearly 2,000% in 24 hours, with 4.7 million tokens destroyed. Supply compression is still a key story for society.
- Developers are preparing transverse chain for base and solana using chainlink CCIP along with a new Dev Hub and DEX to elaborate on liquidity. Price action is stable near $ 0.000013, with technical pointing to a slow grinding higher.
