🗞️ Price action is quiet this Sunday, but there are interesting developments beneath the surface:
1️⃣ Major weekend move: a sharp drop between October 17 and 18, with about $51.6M in liquidations, followed by a partial recovery.
2️⃣ Total crypto futures open interest fell about 21% in 30 days: there’s less leverage in the system.
3️⃣ Bitcoin mining difficulty rose 5.92% as hashprice fell: miners are earning less per TH/s.
🚀 Among the highest-volume assets, the biggest gainers today are $NEAR (+3.4%), $SUI (+2.7%), and $HYPE (+1.7%).
Why does it matter? Less leverage usually means “cleaner” moves, but it also means the market is waiting for a catalyst to pick a direction.
What do you think that catalyst will be? 👇
#Cripto #Bitcoin #Mercados #NEAR #SUI
⚠️ For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your own research and trade with caution.
1️⃣ Major weekend move: a sharp drop between October 17 and 18, with about $51.6M in liquidations, followed by a partial recovery.
2️⃣ Total crypto futures open interest fell about 21% in 30 days: there’s less leverage in the system.
3️⃣ Bitcoin mining difficulty rose 5.92% as hashprice fell: miners are earning less per TH/s.
🚀 Among the highest-volume assets, the biggest gainers today are $NEAR (+3.4%), $SUI (+2.7%), and $HYPE (+1.7%).
Why does it matter? Less leverage usually means “cleaner” moves, but it also means the market is waiting for a catalyst to pick a direction.
What do you think that catalyst will be? 👇
#Cripto #Bitcoin #Mercados #NEAR #SUI
⚠️ For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your own research and trade with caution.