Bykaranteli

Artık verilerimiz herkese açık blok zincirlerinde bir makbuz olarak bırakılıyor. Her 5 dakikada bir 35 feed’i hesaplıyoruz (fonlama, açık pozisyon, tasfiyeler, emir defteri derinliği, primler ve $BTC , $ETH , $SOL ve daha fazlası için baskı/pressure score’ları) ve bunları tek bir Merkle köküne mühürleyip, izole edilmiş bir anahtarla imzalıyoruz. İmzanın çıktısı Solana mainnet’e yazılıyor; ayrıca Base üzerinde günlük bir tasdik/attestation yayınlanıyor. Bu sayılardan herhangi biri sonradan biri tarafından (biz dahil) değiştirildiyse, zincirle artık eşleşmeyecek. Sözümüze güvenmeniz gerekmiyor: kanıt sayfamızdaki doğrulayıcı, bir kayıt yeniden oluşturur, imzasını kontrol eder ve anchor’ı Solana’dan tarayıcınızda doğrudan okur. Ana ağda 18 Eylül’den beri. Ücretsiz, hesap gerekmiyor.

$BTC shows Spot buying while perps sell, with the 7 day US spot venue net at +$284M against the global perp market net at $148M. Over the last 24 hours, the US spot venue was $12M and the global perp market was $22M, with spot buyers absorbing leveraged selling.

Traders were a touch less nervous on Nov 9, but still nervous. The Fear and Greed index, one score for how bold or anxious the market feels, read 29 at 19:00 UTC. That is 1 point higher than 24 hours earlier, and the reading still carries the fear label.

Dollars parked in stablecoins barely moved. Total stablecoin supply was $294.30B, up 0.01% over the same 24 hours.

Bitcoin's share of the total crypto market value was 59.55% at the same reading.

Altcoins gave back ground on Bitcoin this past week. The Altcoin Season Index lost 13 points over seven days and read 55 on Nov 9, still in no clear season, between the 25 line for Bitcoin season and the 75 mark where altseason begins.

Of the 49 altcoins we sample, 27 beat $BTC across the past 90 days. Bitcoin itself returned 17.9% over the same stretch, so the bar the alts had to clear was not low.

The gap between the best and worst names is wide. $ARIA leads with +431.3% over 90 days, and $UAI trails at -82.3%.

For 65 days in a row, Bitcoin has cost less on Coinbase than on the large offshore exchanges. American buyers on the main US spot venue have paid a discount to the rest of the world, with no break in the run.

The latest daily gap is -0.130%, narrower than its seven day average of -0.145%. Both are small in percentage terms. What stands out is the length of the streak, not the size of the gap.

The Coinbase premium measures where US spot buyers price $BTC against global venues. It describes that price difference, not which way Bitcoin trades next.

Bitcoin has dropped -6.57% over the past 14 days to $74,934, and the crowd is still heavily long. Across all accounts, 2.78 hold long bets for every one holding short, close to the top of the 1.37 to 3.19 range of the window.

The largest traders split two ways. Counted by account they run 3.05 longs per short. Weighted by position size the figure is 2.08, so the heaviest books carry a smaller long lean than the head count.

Ether has the most one sided crowd of the 30 coins we track, at 3.93 long accounts per short. In the 24 hours to Nov 9, aggressive selling on $BTC outpaced buying by -13 BTC.

Oversold names outnumber overbought ones across the 400 largest Binance futures. On the daily RSI, a 14 day momentum gauge where 30 or under counts as oversold and 70 or over as overbought, 45 contracts sit at the low end and 11 at the high end. The average reading is 42.7.

$FOGO is the most stretched at 19.9, though it moved only -0.5% over 24 hours. $HUMA follows at 21.2 after a -9.3% day, and $PLAY at 22.7 after -12.9%.

An oversold reading describes how far recent selling has gone. It does not mark where it stops.

Cardano shows the widest funding gap between venues on Nov 9. Funding is the regular payment between longs and shorts on perpetual futures, and holding a $ADA long costs 0.08% per 8 hours more on XT than on HTX.

Annualized, that gap comes to a modeled 79.82% after fees. It's an estimate that assumes today's spread holds all year, not a return anyone has booked.

$AVAX and Dogecoin follow at 0.06% per 8 hours, then $SOL at 0.05%, cheapest to hold long on Hyperliquid and dearest on DigiFinex. XT turns up on three of the four coins, the dearest venue for longs on ADA and Dogecoin but the cheapest on AVAX.

Ether's spot book got thinner on the way down. In the 24 hours to 15:35 UTC on Nov 9, resting bids within 2% of the price shrank 21.2% and offers shrank 16%, as $ETH fell 4.6% from $2,240.22 to $2,137.45.

Buyers still hold a slight edge. Across 21 spot venues, $75.40M of bids sat within 2% of the price against $71.49M of offers, a 2.7% tilt toward the bid side.

The two largest walls hug the price. Bids worth $11.43M rest at $2,136.38, 0.05% below mid, and offers worth $13.28M wait at $2,138.51, 0.05% above. Resting orders can be pulled at any time, so this is a snapshot of the book, not a floor or a ceiling.

Lira buyers got Bitcoin a little under the global price on Nov 9. The Turkey Premium Index read -0.11% (-11.5 bps), a score of 45 / 100 in the neutral regime, near its 24 hour average of -8.8 bps.

Most of the gap comes from the currency. Tether against the lira traded -9.6 bps below the official USD/TRY rate, which was last set on Nov 6, and Bitcoin's own pricing on Turkish books added only -1.9 bps.

Among the five Turkish exchanges in the index, CoinTR was the dearest at -7.0 bps and Bybit TR the cheapest at -28.0 bps. That's a price gap, not a trade anyone can lock in.

SanDisk short sellers using borrowed money just got squeezed. Across the major venues, $4.0M of leveraged $SNDK short positions were liquidated in the last 30 minutes. Exchanges closed them by force once the collateral behind them no longer covered the losses.

Traders on the other side came through with far less damage. Long liquidations over the same 30 minutes came to $295.9K, which left the hit almost entirely on those who had bet on a lower price.

Longs are paying for their seats across most of our futures board in the 24 hours to 15:00 UTC on Nov 9, and $ON stands out. Its open positions grew 26.34%, and holders of long bets pay 0.06% in funding, the fee one side pays the other to keep a bet open.

More open contracts with longs paying that fee is how crowding on the long side shows up in the numbers. $AVAX came next, with open positions up 12.57% and funding at 0.01%.

$JCT runs the other way. Its open positions fell 4.33%, meaning contracts were closed, yet its 0.11% funding is still the highest on the list.

Two Bitcoin markets disagree on price. On Coinbase, the exchange where US buyers trade, $BTC closed Nov 8 at -0.130% below the global price, the 65th day in a row on the discount side. The quarterly future, meanwhile, was priced +5.53% a year above spot.

The seven day average came in at -0.145%, so Nov 8 was close to the recent norm, not an outlier.

Over the last 90 days the deepest discount was -0.271% on Oct 29, and the highest reading was +0.032% on Aug 27.

Since 2017, days in this very low band saw a median -0.2% BTC move over the next 7d (n=668, base +0.5%, 9y of records). History, not a forecast.

Bids outweighed asks in the $BTC spot books at 13:56 UTC on Nov 9. Across 21 venues, $133.1M of bids rested within 2% of the $74,695 price, against $113.5M of asks, an imbalance of +8.0%.

The heaviest price levels hugged the market on both sides. A $28.8M bid cluster sat at $74,658 and a $28.7M ask cluster at $74,733, each the combined size in one 0.1% bin across venues.

$ETH was close to even, with $73.9M of bids against $73.6M of asks (+0.3%). Its largest levels were $15.5M at $2,121 and $16.2M at $2,125.

This is resting size, and it can be pulled before it trades.

Chainlink had the thinnest book of the eight we read at 14:00 UTC on Nov 9. Pushing a $1.0M market order through $LINK gave up an estimated 20.7 bps between the quoted price and the average fill. A basis point is a hundredth of a percent. The same order in $BTC cost 0.3 bps.

Cardano followed at 16.6 bps, then Dogecoin at 9 bps and BNB at 7.6 bps. At the deep end, $ETH cost 1 bps, Solana 3.2 bps and XRP 5.6 bps.

On books this thin, each forced closure moves the price further per dollar, in either direction, so a run of liquidations can travel faster in Chainlink and Cardano than in Bitcoin or Ether.

Bitcoin and Ether both trade below the range where they spent most of yesterday's session, ahead of the US open. $BTC is at $74,600.10, under the bottom of its value area, the band that held 70% of the day's trading time.

On Nov 8 that band ran from $74,850.13 to $76,101.43, a width of 1.65%, and the most traded price was $75,854.96. Bitcoin closed at $74,823.50, 1.36% under it.

$ETH spread over a wider 4.96% band, from $2,134.89 to $2,245.72, with most trade at $2,236.20. It closed at $2,126.27 and trades at $2,115.92.

Traders betting against Ether hold the heavier load of estimated liquidation levels close to the $2,121 price, as of 13:00 UTC on Nov 9. Within 3% of price, the modeled exposure leans to the upside, where short positions sit.

The first modeled short cluster is at $2,134, and the larger one at $2,208. If $ETH reached those levels, those traders would be forced to buy back.

On the other side, estimated long liquidations begin at $2,089, with the larger long cluster at $2,059. All of these levels are modeled from open interest and leverage, not recorded liquidations.

One side has been doing most of the pushing in trading. Our flow imbalance gauge reads 0.1697, higher than 93% of the last 90 days.

The gauge, known as VPIN, measures how much of the traded volume in each window comes from one side of the order flow. A higher reading means orders arrived more unevenly.

It tells you how lopsided the flow is, not its direction. This reading alone does not say whether buyers or sellers are the ones leaning.

Four new perpetual futures contracts went live in the 24 hours to Nov 9, all of them on two exchanges. The other venues we track added nothing.

BingX listed $NIUBI and $PUSSY, both first seen at 09:52 UTC. HTX added $XP and XLV earlier in the day, first seen at 04:52 UTC.

Each contract trades on a single exchange so far, so all of its leveraged trading runs through that one venue.

XRP led a broad unwind in futures in the 24 hours to Nov 9, 11:35 UTC. Open interest on $XRP , the value of futures bets still open, fell 12.07% as the price dropped 7.34%. Traders closed positions into the decline instead of adding new ones.

Ether was close behind. $ETH open interest fell 9.55% on a 5.64% price drop. Dogecoin (-7.71%), Chainlink (-5.4%) and Litecoin (-4.69%) followed the same pattern of shrinking bets and falling prices.

Bitcoin stood apart. $BTC lost 2.09%, yet its open bets fell only 0.64%, so most of its futures positions stayed in place through the drop.