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 held on exchanges increased by about 3,807 BTC over the day and 11,787 BTC over the week but saw a net outflow of 31,043 BTC over the past month. Coinbase Pro led with the largest BTC balance and daily inflows, while Binance experienced daily...
Between October 10 and 16, 2026, XRP experienced the largest decline among six major cryptocurrencies, falling 6.06%. Other cryptocurrencies also dropped: Bitcoin fell 1.25%, Ether 2.60%, BNB 2.83%, Solana 4.35%, and Dogecoin 5.22%. Despite these los...
On October 20, Zcash (ZEC) spot ETFs attracted $1.61 million in net inflows, standing out as the only altcoin ETF to gain fresh capital. Meanwhile, Solana (SOL), Hyperliquid (HYPE), and NEAR spot ETFs experienced net outflows, with SOL extending its ...
Aster DEX has burned over 5.4 million ASTER tokens in two weeks, reducing supply and supporting stakers. Large investors, including a whale buying nearly 900K tokens and Binance moving millions, show strong network activity. ASTER has been stuck in a...
XRP holdings on centralized crypto exchanges surged to 11.81 billion, driven largely by Binance unwinding leverage. This increase in exchange reserves suggests heightened liquidation risk, as traders move assets to exchanges possibly to hedge amid un...
