The encryption market continues to operate cautiously, since it looks for fresh catalysts after the fed cutting of the Fed. BTC has been established in a narrow range, with $ 118,000 that serve as resistance for the bulls to exceed.
The open interest in Bitcoin Futures has jumped at 149k BTC, ending a two -month bold trend. Indicates renewed capital entries in futures, possibly on the bearish side, since the three -month annualized premium remains depressed below 10%.
The smallest chips continue to gain ground, increasing the hopes of a full -fledged Altcoin season. In the last 24 hours, IMX, Near and Hash have won more than 10%, the only three coins of the 100 best to enter double figures.
Timothy Misir, head of research, BRN, called on merchants to maintain prudent position sizes.
“The institutional flows and the great activity of the Directorate of Accumulation support the upward case; Open Interest Registration Options and dense supply near $ 118,000 Misir said in an email.
Derivative positioning
By Omkar Godbole
- Avax is the only upper cryptocurrency to show off an increase in the perpetual interest of futures in the last 24 hours. The rest of the currencies have seen a negative, a sign of capital exits.
- According to Glassnode of data origin, 5,000 BTC in long positions are vulnerable to liquidation if the price falls below $ 117,000. There is also an accumulation of short positions at higher prices levels, which represents a sales mentality on height.
- Most of the specialties, excluding Link, Dot and TRX, have seen the net sale in futures, as evidenced by their 24 -hour negative cumulative volume. This indicates the possibility of a strong fall in Altcoins later today along with a growing risk aversion on Wall Street.
- In the CME, Bitcoin Futures OI has limited 149k BTC, finishing a lower two -month trend. Perhaps, fresh shorts are arriving, since the three -month annualized premium remains below 10% and seems to be in a tendency towards the south. Ether’s Futures OI has risen above 2 million ETH.
- In Delibit, merchants continue to chase sales options linked to BTC in a sign of persistent concerns. The flows on the OTC network paradigm presented calendar and put writings.
Token talk
By Oliver Knight
- Aster, the native token of its homonymous decentralized exchange, increased 33% in the last 24 hours to contribute a 650% gain since it was issued earlier this week.
- The Token was promoted in X by the founder of Binance Changpeng Zhao, who states that Token is a direct competitor of Hyperliquid’s exaggeration.
- Almost 330,000 wallets used Aster before a series of exchange listings for the Token, with a daily negotiation volume that reaches $ 420 million.
- The introduction of the platform has not been without controversy, one of the members of the Aster team said that “the funds are safe” in discord in response to concerns about whether the funds could withdraw.
- It is also claimed that Aster is just a change of Apolx brand, an exchange of decentralized perpetuals that has existed for years.
- However, the platform has proven to be attractive in the last 24 hours and is considered by some merchants as an viable alternative to hyperlichid, whose Token has a market capitalization of $ 18.7 billion compared to the $ 1 billion Aster.
