The crypto market continues to trade carefully as it looks for fresh catalysts following the fed rate cut. The BTC arranged for a tight range, with $ 118,000 that served as a resistance for the bulls to be exceeded.
The open interest in Bitcoin futures jumped at 149k BTC, ending a two -month downtrend. This indicates the altered capital flows into futures, perhaps on the bearish side, as the three-month annual premium remains depressed below 10%.
The smaller the tokens continue to gain the soil, increasing hope for an entire Altcoin period. In the past 24 hours, IMX, close and hash gained more than 10%, the only three coins in the top 100 to get into double numbers.
Timothy Misir, head of research, BRN, called merchants to maintain the size of a neat position.
“Institutional flows and large accumulation activities support bullish cases; Record options open interest and dense supply close to $ 118,000 create tangible tie points. Trade market such as: keep position sizes, manage leverage tightly, and use $ 115,200 like the main TAPE GUARDRAIL of $ 118,000 for a clear breakout signal, “Misir said in an email.
Derivatives positioning
by Omkar Godbole
- AVAX is the only top 20 cryptocurrencies to boast of an increase in eternal futures open interest over the past 24 hours. The remaining coins saw a flat on the negative OI, a sign of capital flows.
- According to Data Source Glassnode, 5,000 BTC in a long position is vulnerable to extermination if the price drops below $ 117,000. There is also a build up of short positions at a higher price level, which represents a sale-to-raising mental.
- Most majors, excluding link, DOT and TRX, have seen net seller in the future, such as evidence of their negative 24-hour combined volume of deltas. This indicates the possibility of a sharp collapse in the Altcoins later today with a growing risk of risk on Wall Street.
- In CME, Bitcoin Futures Oi is bound at the 149k BTC, ending a two -month dowrend. Perhaps, fresh shorts are coming in, as the annual three -month premium remains below 10% and looks like trending south. Ether Oi futures rise above 2 million ET.
- In the derivit, entrepreneurs continue to pursue the options tied to the BTC with a sign of concerns. The flow to the OTC Network Paradigm features a calendar calendar and puts the writing.
Token talk
By Oliver Knight
- Aster, the native token of the namesake decentralized exchange, has rose 33% in the past 24 hours to contribute a 650% gain since it released earlier this week.
- The token is Touted to X by Binance Founder Changpeng Zhao, claiming the token is a direct competitor to Hyperliquid’s Hype.
- Almost 330,000 dominates used Aster in advance of a series of exchange lists for the token, with a sun -day -to -day trading amount of $ 420 million.
- The introduction of the platform has not been without controversy, one of the members of the Aster team needs to say that “funds are safe” in Discord in response to concerns about whether funds can be undone.
- Also claimed that aster is a mere Rebrand of Apolloxa decentralized perpetuals exchange for many years.
- However, the platform has proven to be attractive in the past 24 hours and are considered by some merchants as a viable alternative to hyperliquidthat the token has a market cap of $ 18.7 billion compared to Aster’s $ 1 billion.
