The cryptocurrency market experienced broad losses on Monday, while futures of the US actions index.
Market volatility in multiple kinds of assets decreased abruptly, since investors longed for the speech of the president of the Federal Reserve, Powell, in the Jackson Hole symposium at the end of this week, where it is expected to indicate the possibility of tariff cuts from September.
Bitcoin (BTC), Ethher (Eth) and other important chips fell, while Crypto Oracle Chainlink’s link token remained stable. Solana reached an important milestone in transaction speeds. On the Macro Front, some observers praised Japan’s plans to approve their first stablcoin backed by yen for the third quarter as a change of game.
“From Tokyo to Wall Street, the main players are enclosing in positions, and it seems that the next advantage can be less exaggeration, and more about positioning in a mature ecosystem,” said Mena Theodorou, co -founder of Crypto Exchange Coinshus, in an email.
Derivative positioning
– Omkar Godbole
- The decrease in the price of Bitcoin since Friday is marked by a constant increase in the open interest of futures (OI), which has increased to 720,000 BTC, the largest amount since August 2.
- At the same time, positive financing rates fade, indicating that short low positions are gaining impulse in the market.
- The same can be said of the ether market, where open interest has increased to 14.34 million ETH, also the highest since August 2.
- Oi in Link, which has stolen the broader weakness of the market, reached a record of 68.13 million links, together with annualized financing rates of around 10%. The combination points to investors’ interest in pursuing price profits.
- In the CME, the open interest in the futures of Solana is costing a record of more than 4.6 million sun. However, the three -month annualized premium has decreased considerably to 15% from 35% last week. The premium for BTC and ETH remains blocked about 10%.
- The open interest in Bitcoin CME futures remains well below July’s maximums, pointing out the low participation of institutional merchants. The OI here has continued to print lower maximums since December, diverging bassist from the new maximums in the spot price.
- In Delibit, the risk reversions to November expiration showed a bias for sales options, since the spot price drop caused the downward protection demand. In the case of ETH, the banks spoke at the short end.
- Block flows presented a short giant strangulation, which meant writing $ 4.4ky calls of $ 4.7K. The merchant raised a premium of $ 680,000, betting on a range of range between $ 4,040 and $ 5,020.
- In the case of BTC, a merchant collected the expiration sale option of September 25 to $ 110,000, anticipating a price sale.
Token talk
- Solarium The liquidations in the chain exceeded the elimination of centralized exchanges during the fall of the weekend, with $ 37.4 million in the block chain versus $ 20.9 million in CEXS. The drift and hyperlichid took most of the flow, showing how much activity of the authors has migrated in the chain.
- Hyperliquid OI in Sol reached a record of $ 1.2 billion even when binanzas volumes fell. Total OI returns about $ 5 billion, with divided whales: 59 long wallets, 70 shorts. An outstanding “White Whale” has an leverage time of $ 79 million 20x now that there is $ 1.22 million in red.
- Ecosystem rates are back over $ 1 million per day, since Jupiter, Jito and Kamino see new tickets. Stablecoins in Solana has crossed $ 12 billion, with almost half of the new capital migrating from Ethereum.
- TO Shiba Inu (Shib) The whale changed 3 billion Shib (~ $ 38 million) of the Coinbase institutional in cold storage on August 15, pointing out the condemnation of trade. The wallet had no previous story.
- The movement coincided with the opening rate of almost 2,000% in 24 hours, with 4.7 million tokens destroyed. Supply compression remains a key narrative for the community.
- The developers are preparing the expansion of the cross chain to the base and Solana using the Chainlink CCIP along with a new development cube and DEX to deepen the liquidity. The price action is constant about $ 0.000013, with technicians who point to a higher slow routine.
