#markets 🚀 Market Analysis: Bullish Rally or Local Peak?
The last week turned out to be a hot one for the crypto market — a green card, a rise in open interest, and an explosion in sectoral altcoins. Let’s take a look at what’s going on under the hood and what to expect next.
📊 Key Metrics:
➡️ Almost the entire market is in the red:
$BTC (+20.69%) and
$ETH (+26.94%) are showing solid growth, pulling the entire spectrum of altcoins with them (most coins are up +15%+).
➡️ Money Inflow (OI & Volume): Open interest (Total OI) has grown from $50B to $60B+ on strong trading volumes. This confirms that the market is growing on new positions and capital, and not just on short liquidations.
➡️ Healthy Funding: The weighted funding rate remains at its baseline values (0.010%), without extreme overheating. There is no panic or excessive leverage yet — this is good for the continuation of the trend.
➡️ Sector leaders: The biggest gains were made by MEME (up to +50% at peak) and DEFI (up to +37%), followed by L1/L2 and AI.
🎯 Conclusion and price action scenario:
We are currently observing a healthy local consolidation after a strong momentum from August 22–23.
➡️ Priority scenario: Completion of accumulation/pullback and continuation of the upward movement. The lack of overheating in funding leaves plenty of fuel for the next wave of growth.
➡️ What to look out for: Local pullbacks in strong sectors (DeFi, L1, top memes) look interesting for finding entry points, but don't forget about stop-losses - in the event of a sharp correction in BTC, highly volatile alts will be the first to fall.