【Sudden Move 23:00】$INIT surges +29.7% in a day, with $BLUR following up +14% — the broader market trades sideways as small- and mid-cap coins ignite overnight

Spot market (UTC 2026-10-28 23:00:38, source: Binance public API api/v3/ticker/24hr):
• BTC $81,200 +0.38% | ETH $2,357.51 +0.32%
• BNB $756.11 +1.46% | SOL $102.38 +1.09%

The biggest surprise signals tonight:
🚀 $INIT spot price up +29.7% on the day, quoted at $0.2201, with approx. 19.39 million USDT in 24h trading volume
🟢 $BLUR up +14.1% over the same period, with 8.05 million USDT in 24h volume; NFT sector momentum is heating up
📉 $HAEDAL pulls back -8.6% — after yesterday’s +30% surge, profit-taking is clearly setting in

Major perpetual futures signals (same snapshot):
• ETH long/short ratio at 3.20; SOL funding rate has hit the +0.01% cap for three consecutive periods
• BTC long/short ratio has fallen to 1.92, down further from 1.97 last night, as disagreement over BTC futures heats up

Spot and futures markets are diverging sharply: INIT/BLUR are moving independently while the broader market stays calm. Is this event-driven, or speculative buying by hot money? Do these overnight rallies in small-cap coins usually last a few hours, or continue into the Asian session? Share your thoughts in the comments 👇

⚠️ Risk warning: The above is based on publicly available spot market data and is for reference only; it does not constitute investment advice. Small-cap tokens are highly volatile. Please manage your position size and risk carefully.