Large cryptocurrencies, including bitcoin ether (Eth)XRP solarium And others are being negotiated in the front foot after the interest rate cut on Wednesday by the Federal Reserve.
Even so, some analysts maintain a cautious bias.
“The cutting of the Fed rate gave Crypto a short -term elevator, but the rally is not yet clean,” said Timothy Misir, head of research, BRN, in an email. “Institutional flows are of general support, but exchange inputs and a single -day ETF output signal distribution in resistance.”
Merchants suggested that merchants use a Bitcoin price band of $ 115,000, $ 115,500 as the railing for tactical risk management.
Derivative positioning
By Omkar Godbole
- BNB, AVAX and DOT have seen two -digit increases in futures of open interest (I heard) In the last 24 hours, reinforcing its price earnings from 5% to 9%.
- The cumulative OI of BTC in perpetual futures called in USD and USDT continues to decrease, diverging the upward price. Perhaps derived merchants do not participate in the rally. (See the technical analysis section).
- BCH, TRX, BNB, BTC, XMR, AVAX and SUI stand out with a delta of cumulative volume of positive open interest, indicating a strong purchase pressure.
- There are no signs of overheating, even in the additional corners of the cryptography market, since annualized financing rates for smaller speculative tokens remain around 10%.
- In the CME, OI in Ether’s futures is closing again in the ETH brand of 2 million, while BTC’s future positioning is still considerably light. The anualized base of three months for both tokens remains below 10%, offering significantly lower performance for transport merchants than 17% sun.
- In Dribit, the Risk Reversions of 25 Delta reveal a neutral at bassist (put) Bias in the expiration options of March. In contrast, ether options are optimistic in all tenors.
- The block flows in the OTC network paradigm filed the demand for the $ 116K call that expired on September 19 and the $ 100K expired on October 31.
Token talk
By Oliver Knight
- The Altcoin market organized a strong rebound after the overene RSI readings on Wednesday, with several tokens publishing profits greater than 10%.
- Leading the rally is Ether.fi (Ethfi)12% in the last 24 hours to $ 1.64, the highest since January.
- BNB also achieved a milestone, breaking $ 1,000 for the first time as the impulse accelerates towards new records.
- The bullish backdrop occurs as Bitcoin rises to $ 117,300, consolidating above the critical support at $ 110,000.
- Meanwhile, Bitcoin’s domain fell to 56% in CoinmarketCap, the lowest since the beginning of January, highlighting the growing appetite of investors for more speculative investments.
- The decentralized finance (Defi) The sector has been one of the biggest beneficiaries of the highest Thursday movement, with a total value blocked (TVL) In all protocols reaching $ 170 billion, the highest point since April 2022.
- The Hyperliquid Capa-1 block chain recorded a record of $ 2.77 billion that increased 3.88% in 24 hours, while SUI TVL increases 3% to $ 2.1 billion.
