Bitcoin Back from overnight as high as $ 116,000 to under $ 115,000 as dollar index (DXY) Remains stable despite the expectations of an imminent cut fed rate.
The analysts have remained optimistic that they expect new lives high in BTC and outsized ones obtained in select some tokens, such as Hype, Sol and ENA.
The focus has already switched to smaller names. Tokens such as MYX, Hash, Pengu, Pump and MNT have carved prices over 10% this week.
“The CPI + Jobs combo has created a classic” good news/bad data “trade: inflations print higher, but weaker labor data preserves the easing narrative, a net positive for the crypto in the near term,” Timothy Misir, head of research, said BRN in an email.
Derivatives positioning
- Open interest in futures tied to the top 10 cryptocurrencies increased by 3% -5% in the past 24 hours while strengthening the expectations of fed rates motivated entrepreneurs to take more risk.
- However, the market does not appear to be excessive heat, with annual funding rates for major coins that continue to walk around 10%. Positive funding rates indicate a bullish bias to entrepreneurs. Extremely high values that are usually signal market froth.
- OI in Pengu, one of the best performing tokens of the past seven days, hit a record of 7.78 billion coins, confirming the price increase. The funding rates for the coin were slightly elevated around 15%.
- Smaller tokens, such as Sky and Pyth, have deep negative funding rates, a sign of bias towards the bearish, short position.
- CME’s bitcoin futures are finally seeing an outbreak in the OI, ending a multiweek collapse as Ether Oi returns to a month of less than 1.78 million eth. Different trends can be a sign of updated BTC -focused businessmen. OI options to BTC and ETH remain elevated to multimonth highs.
- In the derivit, BTC and ETH options continue to show a bias toward December’s expiration, despite the pricing of entrepreneurs nearly five cuts in US interest by July next year.
Token talk
By Oliver Knight
- One of the founders of Thorchain, a decentralized network that allows users to send possessions throughout the blockchain, is that this week has been hacked after being doubled by a deepfake video call in Zoom.
- “Ok this attack is finally showing itself. There is an old metamask cleared,” JPTHOR wrote to X.
- Peckshield mentioned That $ 1.2 million was stolen from a Thorchain user, with ZachXBT adding that the offender was linked to North Korea hackers.
- Thorchain appeared as one of North Korea’s most popular laundering tool Earlier this year; Researchers estimated that 80% of the proceeds from a $ 1.4 billion hack in Bybit were to be -Siphon by thorchain and protocols such as Vultisig.
- The thorchain token (Rune) was trading around $ 1.28, which lost 14% of its value over the last month and more than 90% from hitting this March 2024 high $ 12.95.
- Hack is involved in a mix of social engineering and phishing, two methods contributing to $ 2.5 billion stolen by hackers In the first half of 2025.
