Crypto Markets Today: Bitcoin and Altcoins Recover After $ 500B Crash

Bitcoin Derivatives Show Renewed Optimism After A Leverage Flush, With Open Interest and Basis Rebounding, While Options TRADERS TILT BULLISH As Funding Rates Diverge.Updated Oct 13, 2025, 4:25 PM PUBLISHED OCT 13, 2025, 3:55 PM

The Crypto Market Staged A Recovery on Monday Following the Weekend’s $ 500 Billion Billion Billion Billion that Resulted in A $ 10 Billion Drop in Open Interest.

Bitcoin BTC$ 115.827.12 rose by 1.4% of while Ether Eth$ 4,271.65 OutperFormed with A 2.5% GAIN. Snx$ 2.4483Meanwhile, Stole the Show with A 120% Rally As Traders Anticipate “Perpetual Wars” Between the Decentralized Trading Venue and Hyperliquid.

Plasma XPL$ 0.4518 and aster Aster$ 1.4607 Both Failed to Benefit From Monday’s Recovery, Lozing 4.2% and 2.5% Respectvely.

Derivatives Positioning

• The BTC Futures Market have stabilized after a volatile period. Open Interest, WHICH HAD DROPED FROM $ 33 Billion to $ 23 Billion Over The Weekend, HAS NOW SETTLED AT ARUOUND $ 26 Billion. Similarly, The 3-Month Annualized Basis Has Rebounded to the 6-7% Range, after Dipping to 4-5% Over the Weekend, Indicating that the Bullish Sentiment Has Largely Returded. However, Funding Rates Remain A Key Area of ​​Divergence; While Bybit and Hyperliquid Have Settled AROUND 10%, Binance’s Rate Is Negative.
• The BTC Options Market is Showing A Renewed Bullish Lean. The 24-Hour Put/Call Volume Has Shifted to Be More in Favor of Calls, Now at 56%. Additionally, The 1-Week 25 Delta Skew Has Risen to 2.5% After A Period of Flatness.
• TheSE Metrics Indicate A Market with Increase Demand for Bullish Exposure and Upside Protection, Reflection A Shift Away from the Recent
• Coinglass Data Shows $ 620 Million in 24 Hour Liquidations, With A 34-66 Split Between Longs and Shorts. ETH ($ 218 Million), BTC ($ 124 Million) and Sol ($ 43 Million) Were the Leaders in Terms of Nocial Liquidations. Binance Liquidation Heatmap Indicates $ 116.620 As A Core Liquidation Level to Monitor, In Case of A Price Rise.

Token TalkBy oliver Knight

• The Crypto Market Kicked Off Monday with a rebound in the wake of a Sharp weekend leverage flush. ACCORDING TO DATA FROM COINMARKETCAP, The Total Crypto Market Cap Climbed Roughly 5.7% in the Past 24 Hours, with Volume Jumping About 26.8%, Suggesting Those Liquidated Liquidated Positions.
• A Total of $ 19 Billion Worth of Derivativs Positions Were Wiped Over the Weekend with The Vast Majority Being Attributed to Those Holding Long Positions, In The Past 24 Hours $ 420 Billion of that Being on the Short Side, Demonstration A Reversal in Sentiment, Accounting To Coinglass.
• The recovery has beentenative so far; The Dominance of Bitcoin Remains Elevated at About 58.45%, Down Modestly from Recently Highs, WHICH IMPLIES ALTCOins May Still Lag as Capital Piles Back Into safer.
• The Big Winner of Monday’s Recovery Was Snx$ 2.4483WHICH Rose by More than 120% Ahead of a Crypto Trading Competition that Will See It Potentilly Start Up “Perpetual Wars” with Hyperliquid.

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