📊 #BTC CQ: after hitting the bottom on Nov. 21, open interest continued to decline even though the price of BTC was rising. This pattern indicates that the recent rise is mainly due to spot demand.
Growth driven by spot demand is usually seen as a healthy development, but historical trends show that sustained upward momentum usually requires not only strong spot demand, but also steady growth in leveraged positions.
Given that the market is structurally driven by derivatives, the current rally may struggle to sustain if rate cut expectations weaken ahead of the FOMC meeting. For this reason, monitoring changes in open interest will remain critical in the coming days.
Growth driven by spot demand is usually seen as a healthy development, but historical trends show that sustained upward momentum usually requires not only strong spot demand, but also steady growth in leveraged positions.
Given that the market is structurally driven by derivatives, the current rally may struggle to sustain if rate cut expectations weaken ahead of the FOMC meeting. For this reason, monitoring changes in open interest will remain critical in the coming days.
📊 #BTC CQ: after hitting the bottom on Nov. 21, open interest continued to decline even though the price of BTC was rising. This pattern indicates that the recent rise is mainly due to spot demand.
Growth driven by spot demand is usually seen as a healthy development, but historical trends show that sustained upward momentum usually requires not only strong spot demand, but also steady growth in leveraged positions.
Given that the market is structurally driven by derivatives, the current rally may struggle to sustain if rate cut expectations weaken ahead of the FOMC meeting. For this reason, monitoring changes in open interest will remain critical in the coming days.
Growth driven by spot demand is usually seen as a healthy development, but historical trends show that sustained upward momentum usually requires not only strong spot demand, but also steady growth in leveraged positions.
Given that the market is structurally driven by derivatives, the current rally may struggle to sustain if rate cut expectations weaken ahead of the FOMC meeting. For this reason, monitoring changes in open interest will remain critical in the coming days.
👀 #INJ Pineapple Financial begins moving its $10 billion portfolio to onchain with Injective coindesk.com
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🇧🇷🙋♂#HNT Helium is entering the Brazilian market in a joint venture with local Wi-Fi service provider Mambo WiFi.
🙋♂👀 #ASTER Aster: The platform now has a zero commission policy for equity futures contracts
📊 #BTC Glassnode: Bitcoin continues to trade in a structurally unstable environment where rising unrealized losses, increased realization of realized losses, and significant profit taking by long-term holders have combined to hold back price movement. Despite this persistent selling pressure, demand remains robust enough to keep the price above the true market average, suggesting that patient buyers are still absorbing allocations.
📱👀 #SEI Sei Wallets will be pre-installed on millions of Xiaomi phones coindesk.com
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🕵️♂️ The Bitcoin mining firm MARA deposited 275 #BTC ($25.31M) to FalconX 3 hours ago.
📊👀 #BTC CQ: Due to the Coinbase migration, the measured STH supply is now around ~5.4M BTC. A non-trivial chunk of that belongs to corporate treasuries and ETFs, while the rest is held by the real-economy investors who are effectively providing ongoing demand on the market.
🇺🇸👀 Crypto #ETF Flows Today:
Bitcoin ETFs:
1D NetFlow: +445 $BTC (+$40.87M)
7D NetFlow: -1,992 BTC (-$182.9M)
Ethereum ETFs:
1D NetFlow: +35,347 $ETH (+$117.71M)
7D NetFlow: +56,619 ETH (+$188.54M)
Solana ETFs:
1D NetFlow: +74,573 $SOL (+$10.23M)
7D NetFlow: +365,333 SOL (+$50.42M)
Bitcoin ETFs:
1D NetFlow: +445 $BTC (+$40.87M)
7D NetFlow: -1,992 BTC (-$182.9M)
Ethereum ETFs:
1D NetFlow: +35,347 $ETH (+$117.71M)
7D NetFlow: +56,619 ETH (+$188.54M)
Solana ETFs:
1D NetFlow: +74,573 $SOL (+$10.23M)
7D NetFlow: +365,333 SOL (+$50.42M)
📈🤔 #BTC CQ: The muted funding backdrop reflects a recovering market, not an overheated one. This leaves room for a more extended bullish leg if demand strengthens.
💰 Today's fundraisers:
- Crypto-AI platform Surf raised $15 million led by Pantera Capital
- Helios announced raised a $15M investment from Bolts Capital
- Crypto-AI platform Surf raised $15 million led by Pantera Capital
- Helios announced raised a $15M investment from Bolts Capital
🔮🇺🇸 #macro Kalshi odds show a 97% chance of a 25 bps cut today, but the real risk is the Fed’s 2026 outlook.
September projections signaled only one cut next year and a 3.4% year-end rate. Analysts expect guidance to turn neutral to hawkish as the Fed stays on hold into early 2026, potentially pressuring equities.
Powell is likely to emphasize that further cuts require weaker inflation or higher unemployment. With his term ending in May, today’s decision and press conference will be closely watched.
The FOMC rate decision will be announced in 30 minutes ⏰
September projections signaled only one cut next year and a 3.4% year-end rate. Analysts expect guidance to turn neutral to hawkish as the Fed stays on hold into early 2026, potentially pressuring equities.
Powell is likely to emphasize that further cuts require weaker inflation or higher unemployment. With his term ending in May, today’s decision and press conference will be closely watched.
The FOMC rate decision will be announced in 30 minutes ⏰