Bitcoin's futures market experienced its sharpest deleveraging since 2023, with Binance's Bitcoin futures open interest briefly falling below its 180-day average during the largest liquidation event of the current cycle. This was driven by forced liquidations and unwinding of leveraged positions. Despite the drop, open interest remains high at $9.6 billion, above the 180-day average of $8.3 billion, indicating prior over-leverage. Traders have rapidly re-entered, pushing open interest back above the average and supporting a price rebound, similar to a pattern seen in early 2026. Such deleveraging events can help clear speculative excess and set healthier conditions for price growth. Binance's dominant 37% share of Bitcoin open interest means any disruption there could significantly impact the market.
Bitcoin traded near $79,972, up 0.43% in 24 hours, with optimism for reaching $85,000 fueled by strong ETF inflows and bullish market sentiment. The global crypto market cap rose to $2.72 trillion, led by gains in Solana, Ethereum, XRP, and BNB. Key ...
Tokenized stock trading volume reached nearly $3 billion weekly in August, driven by Robinhood Chain, BNB Chain, and Solana, which dominate blockchain-based equity trading. This growth highlights the rapid expansion of markets allowing investors to t...
Open interest in altcoin futures for ZEC, BNB, ARB, XRP, and SOL has surged, with ZEC reaching a record $2.4 billion amid a price rally past $1,000 that liquidated $34 million in shorts. This rise reflects aggressive speculative leverage rather than ...
Binance has launched perpetual futures contracts for two new crypto tokens: PONS from Robinhood Chain and HAJIMI from BNB Smart Chain. PONS, a utility token with a deflationary model, offers up to 20x leverage and nears a $1 billion market cap, while...
Tokenized equity trading volume reached nearly $3 billion weekly in August, driven mainly by Robinhood Chain, BNB Chain, and Solana. Despite this growth, only about 5% of tokenized stocks are used in onchain financial applications, with total value l...
