The Coin Daily
Individual stories from Market Update.
Market update ·
With that backdrop, funding tells its own story. Even after yesterday's sharp drop, aggregate funding is still running at -3.48% annualized. That points to a market leaning short here, with stress still high if this weakness extends.
Market update ·
Uniswap stands out, but for a different reason. Uniswap was the clearest volatility standout, with 24-hour realized volatility at 93.69. On this chart, the last price is 3.895$, sitting between support at 3.893$ and resistance at 3.8973$.…
Market update ·
Zooming in on Aave. Aave is a strong name this morning, and on this chart the last price is 100.74$. It's trading just above support at 100.68$ and below resistance at 100.92$. That leaves it in a tight near-term range, so the next signal…
Market update ·
Funding wrinkle in Bitcoin Cash: Bitcoin Cash isn't moving much today, with a near-flat ret_1d of -0.2762%. Funding is negative and stands at a -2.21 z-score, marking a rare low versus its history. The current price is 209.99, just below…
Market update ·
Uniswap is the most volatile this session: Uniswap's 7-day realized volatility is 59.65, the highest on the board. It's trading at 3.661, bracketed by support at 3.6523 and resistance right overhead at 3.6652. The range is clear and it's…
Market update ·
Derivatives setup for Avalanche: Open interest on Avalanche jumped 1.75 percent this hour to 220,668,248.04, with 11.71 percent growth over 24 hours. Funding is positive at 10.94 percent annualized. The move is not overcrowded, but this…
Market update ·
Spotlight on Avalanche: Avalanche is the clear outlier for strength, up 8.64 percent on the day, sitting at 6.79 and holding near its high. But price is boxed in: resistance comes in at 6.8, with support at 6.78. If 6.8 breaks, that's the…
Market update ·
One more volatility outlier: Cardano is the only other name showing real volatility, with its 7-day number at 55.48 and still elevated over 24 hours. Last trade was 0.1618 dollars and it's stuck near its moving averages. Positioning and…
Market update ·
Volatility check: Uniswap is the wildest name on the board on a volatility basis. Its 7-day realized volatility is at 59.73, and 24-hour realized volatility is also elevated. It's tightly rangebound for now, but if that range breaks, the…
Market update ·
On positioning, Uniswap's the focus: Uniswap has compressed into a tight holding pattern between 3.65 dollars and 3.66 dollars after failing to break 3.671 dollars earlier. At 3.65 dollars, open interest rose 0.98 percent in the last hour…
Market update ·
Under the hood: Even with names like Uniswap and Sui down big, funding is still positive across several spots. That means traders are holding on to long positions even as prices drop, so keep an eye out for forced exits if things…
Market update ·
Over to Bitcoin: the calm in the storm. Bitcoin is the least volatile major at 28.08 for the week, trading in a tight band. Open interest jumped 16.44 percent in the last hour without any real price breakout, more traders are piling in,…
Market update ·
Cardano is also seeing outsized volatility, but it's not going anywhere fast. Last at 0.167 dollars, Cardano's volatility is second only to Uniswap, 7-day realized vol at 58.11, but price is compressed around 0.1666 dollars. Despite the…
Market update ·
Shift to volatility: here's where the action is if you're hunting movement. Uniswap stands out as the most volatile name on the board, last at 3.851 dollars and sitting right around support at 3.85 dollars. Volatility is high at 59.97 over…
Market update ·
That brings us to the main tension today. Several names still have positive funding even after their big drawdowns. Bitcoin is down 0.5 percent and Ethereum down 2.06 percent, but funding hasn't washed out. That tells you there's still…
Market update ·
And a quick note on Uniswap's derivatives action: Open interest on Uniswap just fell 1.07 percent in the last hour, which is a big reset versus its own typical move. Positioning has lightened, but the price hasn't budged out of the range.…
Market update ·
On Uniswap's price action: There's tight clustering around 3.82 with failed breaks up and down, and OI is higher by 9.9 percent over 24 hours. Despite that, it's still a range, no real breakout or trend, just a dense, choppy tape.
Market update ·
Now, let's check Polkadot's positioning: Polkadot's funding is sharply negative at -13.21 percent annualized, with open interest near 109.9 million. That's unusually bearish compared to its own history, but the price itself is just…
Market update ·
Bitcoin Cash stands out among the losers: Bitcoin Cash is trading at 216.26, down 2.56 percent today and off 2.49 percent over the past week. Despite the drop, it's been largely flat for the last hour. The chart points to repeated failed…
Market update ·
And on the flip side, Polkadot has the clearest funding skew: at 0.82 dollars, the aggregate funding rate across our tracked pairs is negative, at -8.63 percent annualized. Open interest is stable at 107.7 million dollars. The trade is…
Market update ·
One more volatility standout: Uniswap isn't just leading on gains, it's also the most volatile coin on the board, posting a 7-day realized vol of 65.96 and a 24-hour read at 74.65. But even with that heat, it's still stuck around 3.85…
Market update ·
On positioning: Uniswap stands out with open interest up 2.39 percent in the past hour to 239.0 million dollars, and that's a 13.19 percent jump over 24 hours. Funding is positive at 4.74 percent annualized, so long exposure is building,…
Market update ·
Diving into the leader: Uniswap is out front both on price and positioning. Its last price is 3.852 dollars, that's a 4.81 percent one-day move and a 0.52 percent gain over the past hour, matching a 5.24 percent 7-day return and the…
Market update ·
Over to Uniswap, the volatility story: Uniswap is the wildest coin on the board by realized volatility, moving more than any peer this week and staying hot today. But right now, it's boxed in a tight range between support at 3.671 and…