$FIL At 12:35 ICT on 15/10: −~12%/24h, Binance just announced a temporary suspension of deposits/withdrawals ahead of Solstice on 19/10.
• Schedule (announced at 09:00 ICT): FIL deposits/withdrawals temporarily suspended from ~18:59 ICT on 19/10; hard fork epoch/block 6.470.279 at ~19:59 ICT. Spot/perps will remain open.
• Spot ~1.0379; volume ~USD 20 million (~1× the 30-day average); perps ~USD 172 million (~8.6× spot).
• Perp OI ~USD 64.5 → ~USD 50.8 million (~-21%/24h); ~66% of accounts are long, and top traders are ~73% long by position; funding near 0.
Takeaway: I see the order book still skewed long even as OI has contracted and the on-chain window is about to close, so I think volatility around 19/10 could be very high in either direction, even though trading remains open.
Not financial advice.
• Schedule (announced at 09:00 ICT): FIL deposits/withdrawals temporarily suspended from ~18:59 ICT on 19/10; hard fork epoch/block 6.470.279 at ~19:59 ICT. Spot/perps will remain open.
• Spot ~1.0379; volume ~USD 20 million (~1× the 30-day average); perps ~USD 172 million (~8.6× spot).
• Perp OI ~USD 64.5 → ~USD 50.8 million (~-21%/24h); ~66% of accounts are long, and top traders are ~73% long by position; funding near 0.
Takeaway: I see the order book still skewed long even as OI has contracted and the on-chain window is about to close, so I think volatility around 19/10 could be very high in either direction, even though trading remains open.
Not financial advice.