“Bitcoin Traded Near the Bottom of It Range At $ 112,000 While Altcoins TumbLED, LED By Fet’s Steep Drop.”, – WRITE: www.coindesk.com
Altcoins Perforated Even WORSE as Fet Droped by 6.2% After Ocean Protocol Decided to Leave the Asi Alliance and Reportedly Offload Its Tokens on Binance. There Was ALSO A 10% DECLINE FOR MYX AND A 4% MOVE TO THE DOWNSIDE FOR CAKE as As As “Altcoin Season” Index on CoinMarketCap Slumped to 38/100, Despite Being at 67/100 EARTE.
Derivatives Positioning
- XPL, Aster, SUI, AND LINK HAVE ExperienCed A Notable Rise in Futures Open Interest, While The Top 10 Tokens Present A Mixed Performance Overall.
- A WHALE Address, Labeled 0xC2A3, OPENED A 5X SHORT IN BTC WORTH $ 140 Million on Hyperliquid.
- BTC Futures Open Interest on Binance Jumped by $ 510 Million Durying The Asian Hours As A Trader Moved $ 89 Million in USDC to the Exchange, Posibly to Short Futures.
- Perpetual Funding Rates for Majors, Including Bitcoin and Ether, Held Flat-To-Negative, Implying A Cautious Sentiment.
- BTC Futures Activity On the CME REMAINS SUBDUED While Open Interest in Options Zoomed to a Record High of 61.44k BTC. Positioning in Ether Futures and Options Remoned Elegated Near Lifetime Peaks.
- On Deribit, Put Skew in Short- and Near-Dated BTC Options Increated Slightly Dringing the Overnight Trade. Flows Over Otc Desk Paradigm Featured a Long Position in the Oct 18 Expiry $ 108k BTC PUT.
Token TalkBy oliver Knight
- Fet$ 0.3108Formerly Fetch.ai, Has Suffired A Grueling Week; Lozing 43% of Its Value During a Sell-Off Spurred by Ocean Protocol’s Decision to Leave The Alliance.
- “AS MANY OF YOU HAVE Seen, Ocean Protocol Has Chosen to Step Away from the Asi Alliance,” The Company Wrote on X. “In PARALLLEL, There’s Been Noticeable Market Activing Involving Wallets Associated with Ocean Protocol to Binance. “
- The token Suffired A Flash Crash on Oct. 10 Along with The Wider Crypto Market, But Since Ten The Price Action Has Been Exhibiting Behavior of Persent Selling, With Little To No Respite for Buyers.
- Fet is Now Trading at $ 0.31, Its Lowest Point in Two Years Having Eroded All of the Bullish Gains Over The Recent Bull Market.
- At one Point in 2024 IT HAD TOPPED $ 3.11 Amid A Wave of Ai-Related Bullish Sentiment, But Its Lacked A Spark Ever Since.
- The Move is Reflective of the Bubbling Nature of AI, With The IMF Warning on Wednesday that if the ai Bubble Burst It Could Rival The Infamous DotCom Crash.

- Trading Activity Falls 17.5% In September Slowdown: Combined Spot and Derivatives Volumes Droped to $ 8.12 Trillion, Marking The FIRST DECLINE AFTER THREE MONHS OF GROWTH. September Has Now Seen Reduced Trading Volume for the Fourth Consuctive Year.
- Open Interest Reaches Record High Despite Derivatives Market Share Decline: Total Open Interest Surged 3.2% to $ 204 Billion and Peaked at An All-Time High of $ 230 Billion During the MONTH.
- Altcoins on cme Outperform as Bitcoin and Ether Futures Decline: While CME’s Total Derivatives Volume Stayed Flat at $ 287 Billion (-0.08%), Sol Futures Jumped 57.1% to $ 13.5 Billion and Xrp Futures Rose 7.19% to $ 7.84. BTC and Eth Futures Fell 4.05% and 17.9% Respectvely.
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The Broker Sees CMPO Shares Gaining from Operationalum and Arculus’s New Trading Features, With M & A Potential Still Offering Upside.
- Benchmark Analyst Mark Palmer Ried His Price Target on Buy-Rated ComposCure to $ 24 FROM $ 17, City Strong Execution and A 61% Year-To-Date Stock Rally.
- Arculus’s Integration with N. Exchange and A Smart Order Router Positions ComposureCure’s Cold Storage Wallet Unit as A Trading-Anabled Crypto Solution for Enterprise Users.
- M&A Optionality and Rising Crypto Adoption Could Drive Further Upside, with CMPO’s Fy26 Revenue Now Project at $ 502.9 Million and Ebitda at $ 174.8 Million, Palmer Said.
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