Crypto merchants were in a jubilant mood Thursday morning while Bitcoin Zoomait above $ 119,000, fixing a new record.
The Altcoin market has also heated; tokens like And published two -digit gains while continued Wednesday’s push with a 58% move in the last 24 hours to $ 143.
The catalyst for the climb of the crypto was a mixture of ETF entrances, the rise of gold and the general positive feeling of risk assets.
Positioning of derivatives
- The BTC Futures Market shows a strong and sustained upward trend, with key measures reaching new heights. Open interests climbed to a summit of $ 32.6 billion, reflecting a significant increase in exposure to trader, Binance paving the way for $ 13.6 billion.
- This record interest is supported by a stable annualized base of 3 months, which has settled around 7%, which indicates that basic trade remains profitable and strengthening the positive feeling of the market. The combination of these two measures suggests that recent prices action is motivated by a solid bull positioning based on conviction rather than short -term speculation.
- The BTC options market has a complex and contradictory image of feeling. While the 25 Delta is biased for short -term short -term options its downward trend, now at only 3.25%, which suggests that traders are ready to pay a bonus for the power to hide against risk down, the 24 -hour put / appeal volume tells another story.
- Calls always dominate the volume at more than 56%, which indicates that a majority of traders are actively positioning themselves for a rally rather than a drop.
- At the same time, the BTC financing rate on major exchanges oscillates between an annombrage of 9% to 10%, indicating a healthy demand for long leverages.
- However, significant aberrant value is drunken, where the funding rate has increased spectacularly to more than 60%. This isolated but extreme point suggests an intense and concentrated demand for long positions on this platform, but the global market, including altcoins, does not yet seem overheated with average funding for the 30 main parts by market capitalization at around 10% annualized, depending on Coinglass.
Talk about tokens
By Oliver Knight
- The founder of Plasma, Paulie Punt, refuted the claims that the recently issued XPL token was sold by team members, despite the data on the chain suggesting the opposite.
- Paul said that no member of the plasma team had sold their XPL holdings since its launch. According to him, all the allowances of investors and teams are subject to a three -year lock with a one -year cliff, which means that they cannot be accessible or sold within this period. He stressed that circulating assertions of initiates were not founded.
- The plasma founder also pushed against the characterizations that the team was mainly made up of “ex-active” employees. Out of approximately 50 team members, only three have experienced relays before Blur or Blast, he said. He noted that the group also includes professionals with history on Google, Facebook, Square, Temasek, Goldman Sachs and Nuvei, highlighting the broader pedigree of the project.
- Another discord point has been Wintermute, a well -known crypto business company, often committed as a market manufacturer for new projects. Paul denied that Plasma had contracted Wintermute for market manufacturing or other services, saying that the company had no more information on Wintermute XPL holdings than the public.
- The pseudonym Manamo researcher had initially said that more than 600 million XPL tokens had been transferred from the Project safe for exchanges since the launch.
- XPP has performed relatively badly since the launch; The sliding of a summit of $ 1.68 to $ 0.97 while the daily negotiation volume remained stable at 2.6 billion dollars.
