📊👀 #BTC’s derivatives landscape is changing as Options OI begins to rival Futures. Markets are shifting toward defined-risk and volatility strategies, meaning options flows, rather than futures liquidations, are becoming a more influential force in shaping price action.
📉👀 #BTC Glassnode: Since October 15, the supply of long-term holders has decreased by 28k BTC. This outflow has steadily increased from ~12.5k BTC/day in early July to 22.5k BTC/day currently (30D-SMA).
📊 #BTC liquidation map highlights three key high-leverage zones:
1️⃣ $111.8K – nearest resistance, heavy short pressure 2️⃣ $109.4K – mid-level support with clustered longs 3️⃣ $106.8K – deep liquidity pocket for potential sweep #writetoearn
📊🤔 #BTC CQ: Bitcoin Net Unrealized Profit (NUP) is contracting - the unrealized profit range has been narrowing since March 2024.
This means: emotions have cooled down, the crowd is neither in euphoria nor in panic. Each new rally brings less and less profit. The market is like a compressed spring. The longer the compression, the stronger the next surge will be.
The market has entered a phase of neutral equilibrium and is setting the stage for a new impulse, the direction of which will be determined in the near future.
🔝 Top blockchains by Perp Trading Volume in the last 30 days
Total perp volume crossed $1 trillion this month, marking steady growth. Hyperliquid still dominates, while ReyaChain and GRVT are rapidly gaining traction.
📊🤔 #BTC Analysts: In recent years, Bitcoin has been closely correlated with returns, while gold has not. Bitcoin is a more profitable hedging instrument.
📈 #HYPE Sentora: Hyperliquid’s strong growth continues with permissionless perpetuals deployments, a new feature that democratizes market creation that could drive significantly higher perp volumes.