The cryptography market continues to be negotiated with caution because it seeks new catalysts after the drop in the Fed rate. BTC settled in a tight range, $ 118,000 serving as resistance to bulls to overcome.
The open interest in Bitcoin Futures has increased to 149K BTC, ending a downward trend of two months. It indicates renewed capital inputs in the term contracts, perhaps on the lower side, because the annualized prime of three months remains depressed below 10%.
Smaller tokens continue to gain ground, which increases the hopes of an Altcoin season in its own right. In the past 24 hours, IMX, PROCH and Hash have gained more than 10%, the only three parts among the 100 superior to enter two figures.
Timothy Misir, research manager, BRN, called traders to keep the prudent position size.
“Institutional flows and the activity of the great accumulation address support the bullish case; the recording options for open interests and the dense offer nearly $ 118,000 create tangible pinch points. Exchange the market as it is: keep the prudent position sizes, manage the lever closely and use $ 115,200.
Positioning of derivatives
By Omkar Godbole
- AVAX is the only top 20 of the cryptocurrency to boast of an increase in the open interest of perpetual term contracts in the last 24 hours. The rest of the pieces have seen flat with negatives, a sign of capital outings.
- According to Data Source Glassnode, 5,000 BTC in long positions are vulnerable to liquidation if the price decreases below $ 117,000. There is also an accumulation of short positions at higher price levels, representing a sales mentality.
- Most of the majors, excluding Link, Dot and Trx, have seen the sale in future, as evidenced by their 24 -hour cumulative volume deltas. This indicates the possibility of a sharp drop in altcoins later in the day alongside an increasing risk aversion to Wall Street.
- On the CME, Bitcoin Futures OI has been delimited at 149K BTC, ending a downward trend of two months. Perhaps fresh shorts arrive, because the three-month annualized bonus remains less than 10% and seems to tend to the south. Ether Oi’s future has exceeded 2 million eth.
- In derived, traders continue to continue the Put options linked to BTC in a sign of persistent concerns. The circuits on the paradigm of the OTC network included calendar differences and put the writing.
Talk about tokens
By Oliver Knight
- Aster, the native token of its decentralized scholarship, has increased by 33% in the last 24 hours to contribute a 650% gain since its issue earlier this week.
- The token was presented on X by the founder of Binance Changpeng Zhao, who claims that the token is a direct competitor of the hyperliquid media.
- Nearly 330,000 portfolios used Aster before a series of exchange announcements for the token, the daily negotiation volume reaching $ 420 million.
- The introduction of the platform was not without controversy, one of the members of the Aster team had to say that “the funds are safe” on Discord in response to concerns as to whether the funds could be withdrawn.
- It is also said that ASTER is only a change in the brand of Apollox, an exchange of decentralized perpetuals that have existed for years.
- Nevertheless, the platform has proven to be attractive in the last 24 hours and is considered by certain traders as a viable alternative to hyperliquid, whose token has a market capitalization of $ 18.7 billion compared to $ 1 billion in Aster.
