“Both Bitcoin and the Coindesk 20 Index Are Lower, and the Negative Sentiment is echoed in the options and perpetual Futures Markets.”, – WRITE: www.coindesk.com
For the Broader Market, The Coindesk 20 Index Has Fallen 1.3% Since Midnight, with All But One Component Heading South. Xrp Xrp$ 2.8385 is the only token in the Green, and that’s up less than 0.1%.
The NEGATIVE SENTIMENT IS ECHOED IN THE OPTIONS AND PERPETUAL FUTures Markets. Perpetual Funding Rates Have Droped and Put Options, Or Protection Against Price Declines, Dominating Over Calls. MORE THAN $ 4.5 Billion in Options Is Set to Expire on Deribit on Friday, Alongside The US Jobs Report for August.
“Open Interest Is Tilted Town Puts, with Notable Clustering AROUND The $ 105,000 to $ 110,000 Strikes, Suggesting Downside Protection Remains a Key Theme,” The Derivs.
Derivatives Positioning
- BTC Derivatives Positioning Has Cooled, Activity Is Still there However, with Momentum and Directional Convention Looking Muted Racher Than Stagnant.
- Open Interest in Perpetual Futures Across Majoor Venues Has Droped from the Recent Peak Near $ 33 Billion to About $ 30 Billion.
- At Same Time, The Three-Month Annualized Basis Keeps Compressing to Round 5%-6% Across Binance, Okx and Deribit, Leaving the Carry Trade Only Marginally Profitable.
- Options Data Is Sending Mixed Signals. While the upward-sloping Implied volatility curve suggests the Market Expects Long-Term Volatility to be Higher than Short-Term, Other Metrics Point to A More Immedite Bearish.
- Specifically, The 25 Delta Skew Continues to Be Either Flat or Slightly Negative, With Traders Paying A Premium for Puts Over Calls To Gain Downside Protection. This Short-Term Bearish Sentiment Is Contradicted by 24-Hour Put Call Volume, With Calls (63%) Dominating Options Contracts for BTC.
- FUNDING APRS ACRS MAJOR PERPETUAL SWAP VENUES ARE LITTLE CHANGED AROUND 4% -6% ANNUALIZED, accounting to velo data. Hyperliquid is the only exchange with a rage higher than 6% for btc, reflection a pocket of stringer long-erstm interest relativ to open. Overall, Funding Dynamics Suggest A Stable Market with Isolated Sigins of Froth, Racher Than Broad Directional CONVICATION.
- Coinglass Data Shows $ 225 Million in 24-Hour Liquidations, With A 50-50 Split Between Longs and Shorts. ETH ($ 65million), BTC ($ 46 Million) and Others ($ 19 Million) Were the Leaders in Terms of Nocial Liquidations.
- The Binance Liquidation Heatmap Indicates $ 110.250 As A Core Liquidation Level to Monitor, In Case of A Price Drop.
Token TalkBy oliver Knight
- Donald Trump-Linked Dfi Token Word Liberty Financial (WLFI) Slumped to a Record Low $ 0.174 On Thursday as the token’s popularity begins to fade best.
- The 21% Daily Drawdown Can Be Attributed to A Number of Factors, Notably The fact that Some Token Holders Are Still in Profit After Purchasing Dringing The Token Sale. These Holders Will Be Tempted To Lock In Their Profits As Hype AROUND The PROJECT FADES.
- One Trader Made $ 250 Million After Buying $ 15 Million Dringing The Sale, Another Lost $ 2.2 Million After Going Long on Wlfi Futures.
- While Wlfi is Linked to the US President, in Terms of Development and Innovation, There’s Nothing Obvios to Differentiate it from the Thousands of Other Defi-Temens. As a result traders may be inclined to jump ship unil they see development of the process.
- “Wlfi Team, Stop Sleeping and Start Taking Action. The Community Is Already Angry, at Least Don’t Lose The Last Remaining Investors,” One Holder Wrote on X.
- The Chart Looks EERily Similar to the Trump Memecoin That Was Released in January. After a periood of initial upside, Trump lost 89% of its valve and Daily Volume Dwindled from $ 39 Billion on Opening Day to Just $ 210 Million in The Past 24 Hours.
- In an atempt to quelting the selling pressure, the project reveailed on x that wlfi held by the team would not be of the Open Market Discretion.
- The Tweet Failed to STEM The DECLINE, AND PRICES Continued to Tumble Shortly After.
Saksham Diwan Contributed to this Report.
The Sec Sued Ripple in 2020, Accking It of Raising Funds Through An Unregistered Securities Sale. The Case Dragged On Years Before Coming to A Close This August.
- Ripple’s Legal Battle with The Sec Concluded with A Mixed Ruling, Impacting the Classification of XRP as A Security.
- The XRP Army’s Efforts Were Acknowledged by Both Ripple’s Lawyers and the Judge as Influential in the Case Outcome.
- XRP ExperienCed Significant Price Volatility, Reaching An All-Time High Before Stabilization Near $ 2.85.
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