💥The crypto market rose 0.81% over the last 24h, rebounding after a 4.71% weekly drop. Main factors: altcoin speculation, reduced leverage risks, and Binance Ecosystem momentum.
Derivatives Leverage Reset (-47% BTC Liquidations)
Binance Ecosystem Activity (BNB Chain DEX Vol ↑$191B.
💥 1. Derivatives Cooling (Bullish Impact)
Overview: Total crypto open interest fell 18.4% to $711B, with BTC liquidations dropping 47% to $58M. Average perpetual funding rates stabilized at +0.0054%, down 35% from yesterday’s spike.
What it means: Market flushed overleveraged longs, reducing immediate squeeze risks. The spot-derivatives volume ratio improved to 0.26 (from 0.18 last week), favoring healthier price discovery.
💥 2. Binance Ecosystem Momentum (Bullish Impact)
Overview: BNB Chain processed $191B in DEX volume (↑5% MoM), with PancakeSwap driving $40B weekly trades. Binance Coin (BNB) held key support at $765 despite broader market pullbacks.
What it means: Institutional adoption of BNB Chain’s RWA infrastructure grew, with stablecoin transactions hitting $295B/month (Cryptofrontnews).
💥Conclusion💥
Today’s rebound reflects tactical positioning in oversold alts and Binance’s structural growth, though technicals remain weak (RSI14 at 35.5). Watch tonight’s Nasdaq reopen – crypto’s 0.93 correlation with SPY leaves it exposed if equities extend Friday’s drop. Can altcoins decouple if BTC holds $112K support?
If you want analysis of your favourite coins just comment below.
