Bearish bets on the major tokens disappeared at nearly $ 600 million on Sunday as entrepreneurs were caught outside following President Donald Trump’s announcement of a US strategic reserve for many tokens.
Weeks are usually marked with relatively lower liquidity, which makes for unusual high price jumps as it takes less money to move assets. Cardano’s ADA reached 60% in the past 24 hours, including XRP and Solana’s Sol up to 25% and Bitcoin (BTC) was higher than 9%.
The futures monitored by the BTC lasted more than $ 344 million in losses in long and shorts, leading to market losses, followed by $ 170 million in ethical ethic futures.
ADA, XRP and Sol monitoring futures have registered over $ 70 million in prevention of each other, their highest such level since September 2024, shown coinglass data.
Liquids occur when an exchange strongly closes a leveraged position of an entrepreneur due to a partial or total loss of the businessman’s initial margin. This happens when an entrepreneur cannot meet the margin requirements for a leveraged position, that is, they do not have enough funds to keep the trade open.
Unusual high fluids can be used in connection with other market indicators in trading techniques. The properties can be considered overbrought and ripe for a return or income-making it a contrary dataset to be watched.
As such, the open interest (or the value of non -failed futures bets) rose 40% higher for XRP, ADA, and Sol as entrepreneurs expect to continue.
Bitcoin (BTC) has been making more than $ 93,000 in early Asian Monday, reversing a chunk of losses since last week when it dropped to $ 83,500 on macroeconomic headwinds such as US tariffs and strengths in Haven Assets Yen and Gold.
Some expect the biggest cryptocurrency to fall in the mid $ 70,000 price level, with a bump in short trade and open interest with a downside bias.
But Trump’s comments have returned bullish expectations, atleast short -term, even though traders remain cautious at an ongoing rally until the reverse plans are more concrete. As such, BTC performs at $ 100,000 levels returns to demand, as a CoinDesk review mentioned this Monday.
