The cryptography market is decreasing today, signaling a risk aversion before the release of the inflation of the American basic EPC, which may influence the path of the Federal Reserve on Interest Rate Reductions.
The Coindesk 20 index, a measurement of the large market, fell 3.6% in the last 24 hours, with all the members except one during this period.
According to Bitunix analysts, a warmer than expected figure could encourage the Fed to adopt a position to one and due after the drop in rate planned at the September meeting.
“For BTC, look at if $ 114.5,000 are transformed in the support, or if a retain of $ 107.6,000 support confirms market resilience,” said the Coindesk purse in an email.
Positioning of derivatives
- Open interest (OI) In the term contracts linked to the 20 best coins, excluding soil, decreased in the last 24 hours, indicating wide -based capital outings.
- The open interest of soil, however, reached a record of 63.84 million, as well as a rally of the price of the token at $ 217, a level seen for the last time in February.
- Eight -hour funding rates for Ether, Tron and BNB were slightly negative, indicating a bias for lowering bets on a drop in prices. The financing rates of other major tokens were stable at around zero, which indicates the neutral feeling.
- OI in future CME Bitcoin slipped to 135.72K BTC, the lowest since April, while the OI ether has been high at record peaks nearly 2.10 million ETH. The divergence suggests a continuous preference among investors for ETH on BTC.
- In the abibble, the reduction in BTC options has been strengthened in all tenors, with tradings with five volatility bonuses at front calls. ETH options display a similar dynamic, marking a passage from the bullish positioning at the start of this week.
- On the paradigm, Block Flows presented the sale of calls and put rolling strategies in BTC and ETH. The Wintermute market manufacturer underlined the request for a difference in calls in the BTC Exiry options in December.
Talk about tokens
- Solara (GROUND) posted a 44% drop in candidacy income in the second quarter, increased to $ 576.4 million, compared to $ 1 billion in the first quarter, while its DEFI sector developed, according to Messari.
- The slowdown reflects lower profitability between the main decentralized applications. Pump (PUMP) Always led with $ 156.9 million, but has always dropped by 44% while Memecoin Frenzy has cooled.
- Axiom The aberrant value, increasing 641% to 126.6 million dollars, showing at what speed specific growth in the protocol can compensate for a broader weakness of the ecosystem. Jupiter won $ 66.4 million (–16%)while Ghost And Photon were the hardest affected with drops of 65% and 72%, respectively.
- Despite the loss of income, DEFI TVL on Solana climbed 30% to 8.6 billion dollars during the quarter and has since crossed $ 11 billion, cementing the chain as the largest network behind Ethereum.
- Finance Kamino Driven TVL Growth, up 34% to $ 2.1 billion after introducing Kamino Lend V2, which attracted $ 200 million in deposits and $ 80 million in loans in the three weeks. Kamino now controls 25% of Solana’s market share.
- Raydium organized a high return, increasing by 54% to $ 1.8 billion in TVL, recovering second place from Jupiter. It now commands 21% compared to 19% of Jupiter.
- Commercial activity, however, has told another story: the average daily DEX volume fell 45% to 2.5 billion dollars, reflecting discoloration of the memecoin momentum which had fueled the records of the previous quarter.
