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Bykaranteli

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Our data now leaves a receipt on public blockchains. Every 5 minutes, 35 feeds we compute (funding, open interest, liquidations, order book depth, premiums and pressure scores for $BTC, $ETH, $SOL and more) are sealed into one Merkle root, signed by an isolated key and written to Solana mainnet, with a daily attestation on Base. If anyone, including us, changed one of those numbers afterwards, it would stop matching the chain. You do not have to take our word for it: the verifier on our proof page rebuilds a record, checks its signature and reads the anchor straight from Solana in your own browser. Beta, on mainnet since 18 September. Free, no account needed.
Our data now leaves a receipt on public blockchains. Every 5 minutes, 35 feeds we compute (funding, open interest, liquidations, order book depth, premiums and pressure scores for $BTC , $ETH , $SOL and more) are sealed into one Merkle root, signed by an isolated key and written to Solana mainnet, with a daily attestation on Base. If anyone, including us, changed one of those numbers afterwards, it would stop matching the chain. You do not have to take our word for it: the verifier on our proof page rebuilds a record, checks its signature and reads the anchor straight from Solana in your own browser. Beta, on mainnet since 18 September. Free, no account needed.
Whales traded both ways in the 24 hours to 10:00 UTC on Oct 17. Across 7,614 large trades, sellers moved $7.51B and buyers $6.91B. That leaves buyers with 47.9% of the flow, inside the 45% to 55% range we treat as two sided. $BTC drew most of the big money at $8.28B over 4,158 trades, with $ETH next at $5.38B. The single largest trade of the window was a $21.4M Bitcoin order. $SOL came third at $471.1M, well behind the two leaders.
Whales traded both ways in the 24 hours to 10:00 UTC on Oct 17. Across 7,614 large trades, sellers moved $7.51B and buyers $6.91B. That leaves buyers with 47.9% of the flow, inside the 45% to 55% range we treat as two sided.

$BTC drew most of the big money at $8.28B over 4,158 trades, with $ETH next at $5.38B. The single largest trade of the window was a $21.4M Bitcoin order.

$SOL came third at $471.1M, well behind the two leaders.
Offers in the $BTC spot book thinned out over the 24 hours to 09:39 UTC on Oct 17. Ask depth within 2% of the $81.6K mid was 20.5% smaller than a day earlier, and bid depth was 11.2% larger. The mid itself was unchanged at 0%. That left the bid side heavier, with $166.6M of resting bids against $149.9M of asks across 20 venues, a 5.3% imbalance toward bids. The largest walls sat right next to price, $39.7M of bids at $81.6K (-0.05%) and $37.1M of asks at $81.7K (0.05%). Resting orders can be pulled at any moment, so this is a snapshot of the book, not a map of where price goes.
Offers in the $BTC spot book thinned out over the 24 hours to 09:39 UTC on Oct 17. Ask depth within 2% of the $81.6K mid was 20.5% smaller than a day earlier, and bid depth was 11.2% larger. The mid itself was unchanged at 0%.

That left the bid side heavier, with $166.6M of resting bids against $149.9M of asks across 20 venues, a 5.3% imbalance toward bids.

The largest walls sat right next to price, $39.7M of bids at $81.6K (-0.05%) and $37.1M of asks at $81.7K (0.05%). Resting orders can be pulled at any moment, so this is a snapshot of the book, not a map of where price goes.
MEXC lets Bitcoin traders borrow up to 500x, the highest ceiling among the 13 venues we track, with a single tier for every position size. At Phemex the cap on $BTC is 20x. Most large venues sit in between. Binance, Bitget and Bybit cap Bitcoin at 150x, and OKX at 100x. Bybit splits its limits into 35 tiers and OKX into 99, so the leverage allowed steps down as a position grows. Across the top 50 perpetual markets, average maximum leverage was 79.8x as of Oct 17. Venues made 86 tier changes over the past 7 days.
MEXC lets Bitcoin traders borrow up to 500x, the highest ceiling among the 13 venues we track, with a single tier for every position size. At Phemex the cap on $BTC is 20x.

Most large venues sit in between. Binance, Bitget and Bybit cap Bitcoin at 150x, and OKX at 100x. Bybit splits its limits into 35 tiers and OKX into 99, so the leverage allowed steps down as a position grows.

Across the top 50 perpetual markets, average maximum leverage was 79.8x as of Oct 17. Venues made 86 tier changes over the past 7 days.
Deribit settled its Oct 17 AVAX contract, margined in USDC, at $9.995 at 08:00 UTC. It was the only dated futures settlement our collectors recorded in the 24 hours to 09:15 UTC. The calendar is much busier on Oct 18. Deribit has 13 dated $BTC contracts and 13 dated $ETH contracts reaching their end date that day, plus one each on AVAX, HYPE and SOL. Bullish has one dated Bitcoin contract expiring the same day, the nearest expiry on the calendar. Over the next 7 days, 134 dated futures contracts expire across 11 venues, alongside 7,899 option contracts.
Deribit settled its Oct 17 AVAX contract, margined in USDC, at $9.995 at 08:00 UTC. It was the only dated futures settlement our collectors recorded in the 24 hours to 09:15 UTC.

The calendar is much busier on Oct 18. Deribit has 13 dated $BTC contracts and 13 dated $ETH contracts reaching their end date that day, plus one each on AVAX, HYPE and SOL. Bullish has one dated Bitcoin contract expiring the same day, the nearest expiry on the calendar.

Over the next 7 days, 134 dated futures contracts expire across 11 venues, alongside 7,899 option contracts.
The 10 exchanges we track ended the 24 hours to Oct 17 with $7.65B in insurance funds, a change of -$16.8M, or -0.22%. That pool is what a venue draws on when a liquidated position closes past the point where the trader's margin is gone. OKX holds the largest share at $3.01B, enough to cover 59.92% of its perpetual open interest on the coins we track, against 16.31% for the group as a whole. Bybit's fund moved most, -0.47% to $1.16B. Binance read +0.02% at $2.44B. Over seven days the total reads -0.32%. These are balances the venues report themselves, not audited figures.
The 10 exchanges we track ended the 24 hours to Oct 17 with $7.65B in insurance funds, a change of -$16.8M, or -0.22%. That pool is what a venue draws on when a liquidated position closes past the point where the trader's margin is gone.

OKX holds the largest share at $3.01B, enough to cover 59.92% of its perpetual open interest on the coins we track, against 16.31% for the group as a whole. Bybit's fund moved most, -0.47% to $1.16B. Binance read +0.02% at $2.44B.

Over seven days the total reads -0.32%. These are balances the venues report themselves, not audited figures.
Coinbase buyers have now bid Bitcoin below the global price for 42 days running. The Coinbase premium, the gap between the US price and other exchanges, read -0.14% on Oct 17. $BTC traded at $81,667, down 0.70% over 24 hours. Bitcoin holds 59.32% of a $2.8T market, and the Fear & Greed index reads 55, in greed. The heaviest leverage loss came on Cardano. $ADA open interest, the total of open bets, fell 6.5% as price dropped 3.5%, so leveraged longs were the ones closed out. Across 10 tracked majors, 3 added leverage and 2 saw it squeezed out.
Coinbase buyers have now bid Bitcoin below the global price for 42 days running. The Coinbase premium, the gap between the US price and other exchanges, read -0.14% on Oct 17.

$BTC traded at $81,667, down 0.70% over 24 hours. Bitcoin holds 59.32% of a $2.8T market, and the Fear & Greed index reads 55, in greed.

The heaviest leverage loss came on Cardano. $ADA open interest, the total of open bets, fell 6.5% as price dropped 3.5%, so leveraged longs were the ones closed out. Across 10 tracked majors, 3 added leverage and 2 saw it squeezed out.
The biggest Bitcoin options trades of the past 48 hours all sold calls. One block seller collected $861.8K in premium for $88,000 calls expiring Dec 25, 2026. Two more blocks sold $84,000 calls expiring Mar 26, 2027, for $793.4K and $781.3K. Selling a call brings in premium up front and gives up any gains above the strike by expiry. Over the last 24 hours, traders bought $4.7M of puts, which pay if price ends below a strike, against $3.6M of calls. Block trades, negotiated off the order book, made up 30% of all premium across 19,226 recorded trades. Since 2021, days in this very low band saw a median -0.1% BTC move over the next 7d (n=400, base +0.2%, 5y of records). History, not a forecast.
The biggest Bitcoin options trades of the past 48 hours all sold calls. One block seller collected $861.8K in premium for $88,000 calls expiring Dec 25, 2026. Two more blocks sold $84,000 calls expiring Mar 26, 2027, for $793.4K and $781.3K.

Selling a call brings in premium up front and gives up any gains above the strike by expiry.

Over the last 24 hours, traders bought $4.7M of puts, which pay if price ends below a strike, against $3.6M of calls. Block trades, negotiated off the order book, made up 30% of all premium across 19,226 recorded trades.

Since 2021, days in this very low band saw a median -0.1% BTC move over the next 7d (n=400, base +0.2%, 5y of records). History, not a forecast.
The largest Bitcoin traders on Hyperliquid have more money on the short side than the long side. Across 281 accounts we track, bets on a fall add up to $1.00B, against $610.00M on bets that the price goes higher. Longs make up 38% of the money these accounts hold in $BTC positions, and the rest sits with sellers. The reading counts open positions on a single venue, Hyperliquid, which makes it one slice of the market rather than all of it. It shows where these accounts are positioned, not when they trade.
The largest Bitcoin traders on Hyperliquid have more money on the short side than the long side. Across 281 accounts we track, bets on a fall add up to $1.00B, against $610.00M on bets that the price goes higher.

Longs make up 38% of the money these accounts hold in $BTC positions, and the rest sits with sellers.

The reading counts open positions on a single venue, Hyperliquid, which makes it one slice of the market rather than all of it. It shows where these accounts are positioned, not when they trade.
For a 42nd straight day, Bitcoin cost less on Coinbase than on global exchanges. US buyers closed Oct 16 paying -0.142% under the global price, the gap known as the Coinbase premium. The past seven days averaged -0.120%, so Oct 16 finished deeper than the week's typical discount. The length of the run says more than its size. In futures, quarterly $BTC contracts priced above spot at an annualized +5.46%, which is the yearly rate buyers pay to own Bitcoin at a later date instead of today. Since 2017, days in this very low band saw a median +0.1% BTC move over the next 7d (n=663, base +0.5%, 9y of records). History, not a forecast.
For a 42nd straight day, Bitcoin cost less on Coinbase than on global exchanges. US buyers closed Oct 16 paying -0.142% under the global price, the gap known as the Coinbase premium.

The past seven days averaged -0.120%, so Oct 16 finished deeper than the week's typical discount. The length of the run says more than its size.

In futures, quarterly $BTC contracts priced above spot at an annualized +5.46%, which is the yearly rate buyers pay to own Bitcoin at a later date instead of today.

Since 2017, days in this very low band saw a median +0.1% BTC move over the next 7d (n=663, base +0.5%, 9y of records). History, not a forecast.
Dogecoin longs on OKX were paying 10.95% a year in funding to the short side in the 05:25 UTC read on Oct 17. Borrowing $DOGE on the same venue cost 1% a year. That 9.95% gap between funding and borrowing was the widest across 15 assets on three venues. It is a recorded spread for the morning read, not a fixed rate. Borrowing dollars on margin ranged from 3.5% a year for USDT on OKX to 4.89% on Binance. Bybit sat at 3.92%, which is also the median of the three.
Dogecoin longs on OKX were paying 10.95% a year in funding to the short side in the 05:25 UTC read on Oct 17. Borrowing $DOGE on the same venue cost 1% a year.

That 9.95% gap between funding and borrowing was the widest across 15 assets on three venues. It is a recorded spread for the morning read, not a fixed rate.

Borrowing dollars on margin ranged from 3.5% a year for USDT on OKX to 4.89% on Binance. Bybit sat at 3.92%, which is also the median of the three.
$BTC order flow entered its most toxic decile at a recorded VPIN of 0.174, at the 95th percentile. Readings in this zone have historically clustered before volatility, and VPIN says nothing about direction. Since 2026, days in this high band saw a median -0.9% BTC move over the next 7d (n=47, base -0.2%, 1y of records). History, not a forecast.
$BTC order flow entered its most toxic decile at a recorded VPIN of 0.174, at the 95th percentile. Readings in this zone have historically clustered before volatility, and VPIN says nothing about direction.

Since 2026, days in this high band saw a median -0.9% BTC move over the next 7d (n=47, base -0.2%, 1y of records). History, not a forecast.
SOXL was the hardest hit name on Binance's TradFi perpetuals on Oct 16. $8.26M was force closed there, and $7.64M of it came from leveraged bets on a rise. SNDK came next at $7.06M. Across all names, $50.64M was force closed over 201 contracts and 10,951 separate closures. The split ran 76% longs / 24% shorts, which works out to $38.7M lost on bets on a rise against $11.9M on bets on a fall. CL broke the pattern. Of $4.24M closed there, $4.14M came from bets on a fall. The largest single forced closure of the day was a $564K position in BZ. The day's total came in 36% below the $79.54M recorded on Oct 15.
SOXL was the hardest hit name on Binance's TradFi perpetuals on Oct 16. $8.26M was force closed there, and $7.64M of it came from leveraged bets on a rise. SNDK came next at $7.06M.

Across all names, $50.64M was force closed over 201 contracts and 10,951 separate closures. The split ran 76% longs / 24% shorts, which works out to $38.7M lost on bets on a rise against $11.9M on bets on a fall.

CL broke the pattern. Of $4.24M closed there, $4.14M came from bets on a fall. The largest single forced closure of the day was a $564K position in BZ.

The day's total came in 36% below the $79.54M recorded on Oct 15.
Hedge funds trimmed their net bet against Bitcoin on CME in the week to Oct 13, cutting it by 1,008 contracts. They still ended the week 5,844 contracts net short. Institutions held the opposite side, net long 3,642 contracts after adding 110. Total open CME Bitcoin futures stood at 20,752 contracts in the CFTC report. On Ether, hedge funds were net short 6,283 contracts, a larger short than they held on $BTC that week.
Hedge funds trimmed their net bet against Bitcoin on CME in the week to Oct 13, cutting it by 1,008 contracts. They still ended the week 5,844 contracts net short.

Institutions held the opposite side, net long 3,642 contracts after adding 110. Total open CME Bitcoin futures stood at 20,752 contracts in the CFTC report.

On Ether, hedge funds were net short 6,283 contracts, a larger short than they held on $BTC that week.
Oct 16 was a far calmer day for leveraged traders. Our streams recorded $244.2M in forced closures across 11 venues and 880 symbols, 61.9% below the $640.8M of Oct 15 and under the 7 day average of $297.1M. Bets on higher prices still took most of it, $158.6M or 65%, against $85.6M from shorts, over 67,581 liquidations. These are recorded totals from public venue streams, so they are a floor for the market. $ETH led with $59.6M, split close to evenly at $31.1M long and $28.5M short, and the largest single closure was a $7.43M Ether position on Binance. $BTC followed with $52.0M.
Oct 16 was a far calmer day for leveraged traders. Our streams recorded $244.2M in forced closures across 11 venues and 880 symbols, 61.9% below the $640.8M of Oct 15 and under the 7 day average of $297.1M.

Bets on higher prices still took most of it, $158.6M or 65%, against $85.6M from shorts, over 67,581 liquidations. These are recorded totals from public venue streams, so they are a floor for the market.

$ETH led with $59.6M, split close to evenly at $31.1M long and $28.5M short, and the largest single closure was a $7.43M Ether position on Binance. $BTC followed with $52.0M.
AGT just squeezed the traders betting on a lower price. Over the last 30 minutes, the major venues liquidated $1.7M of $AGT short positions, meaning exchanges closed them because losses ate through the collateral backing them. Buyers using leverage got off far lighter, with $131.1K of long positions liquidated in the same window. These totals come from the raw liquidation streams of the major venues.
AGT just squeezed the traders betting on a lower price. Over the last 30 minutes, the major venues liquidated $1.7M of $AGT short positions, meaning exchanges closed them because losses ate through the collateral backing them.

Buyers using leverage got off far lighter, with $131.1K of long positions liquidated in the same window.

These totals come from the raw liquidation streams of the major venues.
Traders betting against CL just took a $3.4M hit. In the last 30 minutes, the major venues force closed $CL short positions, bets on a lower price, after the margin behind them ran out. Long positions, bets on a higher price, came through nearly untouched, with $2.8K liquidated over the same window. The pain sat on one side of the market. The count comes from the raw liquidation streams of the major venues.
Traders betting against CL just took a $3.4M hit. In the last 30 minutes, the major venues force closed $CL short positions, bets on a lower price, after the margin behind them ran out.

Long positions, bets on a higher price, came through nearly untouched, with $2.8K liquidated over the same window. The pain sat on one side of the market.

The count comes from the raw liquidation streams of the major venues.
The largest forced closure on Bitcoin in the 24 hours to Oct 17 hit a trader betting on a fall: a short liquidation of $6.2M on Binance. It came on a down day, with $BTC finishing the window -0.77% at $81,562. That one closure sat among 1,840 recorded prints of $1K or more on our collectors, each a leveraged position an exchange shut after its margin ran out. The liquidation heatmap behind the candles is an estimate of where leveraged positions cluster. The prints on the candles are recorded closures.
The largest forced closure on Bitcoin in the 24 hours to Oct 17 hit a trader betting on a fall: a short liquidation of $6.2M on Binance. It came on a down day, with $BTC finishing the window -0.77% at $81,562.

That one closure sat among 1,840 recorded prints of $1K or more on our collectors, each a leveraged position an exchange shut after its margin ran out.

The liquidation heatmap behind the candles is an estimate of where leveraged positions cluster. The prints on the candles are recorded closures.
GM Trade, the largest Solana perpetual venue we read, ended Oct 16 with its traders split almost down the middle. Across all its markets they held $96.3M of longs against $97.8M of shorts. The median hourly funding rate was -0.0002%, a tiny payment from shorts to longs. Its book isn't only crypto. Two of the five largest single markets on the Solana board are currency pairs on GM Trade, AUD at $12.7M and USDCAD at $12.2M. Jupiter Perps stands apart, with $70.6M of longs against $17.2M of shorts. Six venues carried $228.9M of open interest across 282 markets, with $1.60B traded over 24 hours. GM Trade held 42.4% of that open interest.
GM Trade, the largest Solana perpetual venue we read, ended Oct 16 with its traders split almost down the middle. Across all its markets they held $96.3M of longs against $97.8M of shorts. The median hourly funding rate was -0.0002%, a tiny payment from shorts to longs.

Its book isn't only crypto. Two of the five largest single markets on the Solana board are currency pairs on GM Trade, AUD at $12.7M and USDCAD at $12.2M.

Jupiter Perps stands apart, with $70.6M of longs against $17.2M of shorts. Six venues carried $228.9M of open interest across 282 markets, with $1.60B traded over 24 hours. GM Trade held 42.4% of that open interest.
On Jupiter, the Solana based perps venue, short positions had taken up 67.22% of the pool capacity set aside for them in SOL, ETH and BTC as of Oct 16. Long capacity is far less used, at 11.21% for $SOL, 6.91% for Ether and 14.4% for Bitcoin. The crowd itself leans the other way. Longs hold 80.5% of open positions, $70.6M against $17.1M in shorts, and $SOL alone carries $48.1M long and $11.3M short. The JLP pool, the liquidity that takes the other side of every trade on the venue, holds $870.3M and shows an 8% annual rate for its holders.
On Jupiter, the Solana based perps venue, short positions had taken up 67.22% of the pool capacity set aside for them in SOL, ETH and BTC as of Oct 16. Long capacity is far less used, at 11.21% for $SOL , 6.91% for Ether and 14.4% for Bitcoin.

The crowd itself leans the other way. Longs hold 80.5% of open positions, $70.6M against $17.1M in shorts, and $SOL alone carries $48.1M long and $11.3M short.

The JLP pool, the liquidity that takes the other side of every trade on the venue, holds $870.3M and shows an 8% annual rate for its holders.
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