Cryptography granors and Rose on Tuesday when the market begins to consolidate after Monday’s recovery.
Bitcoin is quoted at $ 112,900, while Ether is $ 4,150, adding 0.78% and 1.1%, respectively, in the last 24 hours, since future open the interest increased from $ 29 billion to $ 31 billion in a sign of bullish bias.
Much of Tuesday’s activity is happening in the Altcoin sphere, with a recently promoted decentralized exchange aster accumulating $ 64 billion in daily negotiation volume as merchants rush to use the platform that offers up to 300x leverage.
Derivative positioning
By Jacob Joseph
- The market shows signs of a possible change to a bullish bias as derivative metrics, including open interest and the base, show a truck.
- The general general interest of BTC Futures increased to approximately $ 31 billion from a recent monthly minimum of $ 29 billion. This increase indicates a renewed interest of merchants, and Binance still leads $ 12.7 billion.
- The annualized three -month base is also recovering, rising to 7% from around 6%, which makes the base trade more profitable.
- The BTC options market still presents a complex and somewhat contradictory image.
- While the 25 SIDE Delta for short -term options continue to decrease, suggesting that merchants are paying a premium for the posts and pointing out a desire for downward protection, the volume of 24 -hour flames is counting a different story.
- In a clear investment of recent trends, calls now dominate the volume, which represents 65% of the negotiated contracts. This strong increase indicates that despite the cautious feeling reflected in bias, a significant number of merchants are actively positioned for a short -term manifestation.
- This divergence highlights a highly polarized market, where a mixture of coverage strategies and speculative bets creates a state of mixed feeling.
- Financing rates in main places such as Binance and OKX have become positive, increasing to around 7% and 10% respectively. This indicates an increasing appetite for leveled long positions, where long merchants are now paying shorts, a classic sign of positive feeling of the market.
- While the hyperlichid financing rate remains volatile, the trend in key exchanges suggests that merchants are becoming once more and are willing to assume the upward exposure
- Coinglase data show $ 316 million in 24-hour settlements, with a 44-56 division between long and shorts. ETH ($ 73 million), BTC ($ 70 million) and others ($ 29 million) were leaders in terms of notional liquidations. The Binance liquidation heat map indicates $ 115,000 as a central liquidation level to monitor, in case of a price increase.
Token talk
By Oliver Knight
- Derivatives exchange battle between Aster and Hyperlichid is heating.
- The daily negotiation volume in Aster based on BNB chain has fired at $ 64 billion, as shown by the defrite data of $ 6.6 billion Hyperliquid.
- According to Boltliquity Core contributor Max Arch, the change is due to the supply of aster between 100x and 300x of leverage. Hyperlichid markets are limited mainly to 40x.
- “The merchants are following the leverage, regardless of the quality of the underlying platform, but we will see how the greatest risk that comes with the highest leverage limits impact the platforms as a long -term Aster,” Arch wrote in X.
- ARC points out that about 6% of Aster’s negotiation volume can be attributed to the Wash negotiation, much less than some skeptics had estimated.
- The native files of the exchanges, Aster and Hype, have had a bad performance during the past week; With the old sliding of $ 2.39 on September 25 to $ 1.80, while Hype is low from the maximum of $ 58.92 to $ 44.32.
- The beneficist token yield in relation to commercial activity can be attributed to a broader Altcoin sale that led to the elimination of $ 200 billion of the total market limit of the sector last week, according to Coinmarketcap data.
