Bykaranteli

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.

Buyers are crowding into BULLA harder than any other name on the board. Open futures bets on $BULLA grew 23.91% in the 24 hours to 15:00 UTC on Oct 26, with funding at 0.03%, a fee longs pay shorts to keep their bets open. New money arriving on one side, with that side paying for it, is crowding.

Most leaders lean the same way. $SNXX added 13.44% in open bets with funding near 0%, so fresh positions came in without anyone paying up. $JCT runs the other way, with buyers paying 0.08% even as open bets fell 5.9%.

On the short side, IRYS carries funding of -0.08%, sellers paying buyers, on open bets up just 0.89%.

Bitcoin's spot books lean clearly toward buyers on Oct 26. Within 2% of $79,530, resting bids came to $206.6M against $136.1M of asks across 21 venues at 13:58 UTC. That is a 20.6% tilt toward the bid side.

Ether is close to even by comparison. Near $2,298 there was $90.5M of bids versus $85.3M of asks, a 3% lean toward buyers.

The largest single blocks sit right next to price on both coins. $BTC has $33.8M of bids at $79,490 and $32.1M of offers at $79,570. $ETH has $14.8M at $2,297 and $15.9M at $2,300. These are resting orders that can be pulled at any time, not trades.

Cardano and Chainlink had the two costliest books to trade size in on Oct 26. At 14:00 UTC, a $1.0M market order in $LINK gave up 23.2 bps between the quoted price and its average fill, and the same order in $ADA gave up 20 bps.

At the deep end, Bitcoin cost 0.6 bps and Ether 1 bps for that size. Solana came in at 2.9 bps and XRP at 5.7 bps. Dogecoin at 9.7 bps and BNB at 8 bps round out the thin side of the eight books we track.

On books this thin, a burst of forced orders on either side moves the price further per dollar than the same size does in $BTC .

One issuer and one chain made up the whole day for tokenized stocks on Oct 26. Coinbase Tokenized Stocks put out all 6 new wrappers we recorded, every one of them on Base.

The six are $AAL as AALc, $AEHR as AEHRc, $BX as BXc, CRM as CRMc, FLNC as FLNCc and SNOW as SNOWc.

Each comes from the issuer's own list, not from a name search, so the tickers above are the official wrappers.

Ether's estimated liquidation map is balanced on Oct 26. At 13:00 UTC, with $ETH at $2,323, modeled exposure within 3% of price splits evenly between leveraged buyers below and leveraged sellers above.

Both sides sit tight to the price. The closest modeled long liquidation level is $2,320 and the closest short one is $2,336, so a small move either way reaches someone's forced exit.

Further out, the largest estimated clusters sit at $2,410 for shorts, who would be forced to buy back, and at $2,247 for longs, who would be forced to sell.

Bitcoin finished yesterday's session at $80,114.30, under the price zone where its perpetual traders spent most of the day. It trades back inside that zone at $80,317.50 ahead of the US open.

That zone holds 70% of trading time. For $BTC it ran from $80,237.37 to $80,843.70, with the most traded price at $80,500.11.

Ether stayed inside its own zone. $ETH trades at $2,325.62, near the lower edge at $2,323.46. The zone tops out at $2,355.29, and its most traded price was $2,335.84. These levels mark where trade spent its time on Oct 25, a reference rather than a floor or a ceiling.

Bitcoin has traded cheaper on Coinbase than on the rest of the world's exchanges for 51 days in a row. In the latest reading, US buyers paid -0.126% against the global price.

The gap is close to its own recent normal. Its 7 day average is -0.122%, so the latest day sits in line with the past week rather than standing out from it.

The premium compares the price US buyers pay on Coinbase with the price on offshore venues. It measures a persistent gap in price, not the size or direction of the money moving behind it.

Only one of the eight new perpetual contracts on Oct 26 reached more than one exchange. $ABBV went live on Binance, Bybit and HTX, and our collectors first saw it at 05:52 UTC.

The rest stayed on single venues. Binance added EIDO, EQT and STM, Bybit added AGPU and TTMI, all first seen at 09:52 UTC. HTX listed PG at 05:52 UTC, and BingX opened 1000XEC at 04:52 UTC, the earliest arrival of the day.

The list covers the six exchanges we track.

Cardano led the majors board for new futures bets in the 24 hours to Oct 26, 11:35 UTC. Open interest, the value of futures positions still open, rose 3.36%, yet the price moved just 0.1%. Funding stood at 0.0022%, meaning buyers pay sellers a tiny amount to stay in.

Solana came close behind, with open interest up 3.16%, funding at 0.01% and the price up 0.36%. $LINK and $DOGE added smaller amounts, 1.43% and 1.28%.

Avalanche went the other way. Traders closed 1.01% of open bets on a 1.55% price gain, the only coin on the board shedding leverage.

10 changes shipped this week across API, MCP, and Site. The main updates are WebMCP turning the page data into tools for the agent in your browser, Ask BYK adding your own model key and the desk in the Android app, and Ask BYK adding a prepaid balance for more conversations and deep answers.

Within 3% of Bitcoin's price, more of the estimated liquidation exposure sat with short sellers than with leveraged buyers at 11:00 UTC on Oct 26, with $BTC at $80,334.

The one modeled short cluster above the price is at $80,841. That's the level where those positions would be forced to buy back.

Under the price, the first modeled long level is $79,433. The largest long cluster on the map sits further down, at $77,463.

$BTC fell 2.7% over the last 7 days. Coinbase Premium was positive on 0 of 7 days, with a week average of -0.122%.

Large traders fought to a near draw in the 24 hours to 10:00 UTC on Oct 26. Whale sized buy orders came to $5.05B against $5.17B of sells, so buyers held 49.4% of the flow, well inside the range we treat as two sided.

That came across 5,587 large orders. $BTC drew the most of it, $6.01B over 3,023 orders, and also carried the biggest single order of the day at $17.5M. $ETH followed with $3.62B over 2,190 orders, and $SOL was a distant third at $312.6M.

Buyers still outweigh sellers in the $BTC spot book on Oct 26, but their cushion is thinner than a day earlier. Across 21 spot venues, $160.3M of bids rested within 2% of mid at 09:38 UTC against $146.8M of asks, a 4.4% tilt toward the bid side.

Over the past 24 hours, bid depth in that range dropped 8.6% and ask depth grew 1.9%. Mid moved up 0.3% to $80.5K.

The two largest walls hug the price. A $36.3M bid rests at $80.4K, 0.05% below mid, and a $33.8M ask waits at $80.5K, 0.05% above. Resting orders can be pulled at any moment, so this is a snapshot of the book, not a map of what comes next.

Leveraged buyers took most of the pain in the week of Oct 19 to Oct 26. We recorded $1.85B of liquidations in 582,015 events, $1.21B of it from longs against $640.7M from shorts. $ETH led every coin at $438.2M.

ETF money went two ways. US spot Bitcoin ETFs took in $360.3M net over the last five settled days, and Ether ETFs posted -$294.6M. Hyperliquid's top 300 whales ended the week 44% long.

All of it sits in our free datasets, along with 54,531 trades of $1M or more and 2,016 order book snapshots across 29 venues.

One contract made up the whole settlement record in the 24 hours to 09:15 UTC on Oct 26. Deribit's USDC margined AVAX future closed at $8.829 at 08:00 UTC.

On Tuesday, Oct 27, Deribit closes 13 dated $BTC futures and 13 dated $ETH futures, plus one contract each on AVAX and HYPE. Bullish settles a single Bitcoin delivery future that day, and Coinbase one CDENGS delivery contract.

Across the next 7 days, 165 dated futures and 8,578 option contracts reach expiry on 15 venues.

OKX's insurance fund equals 59.38% of the perpetual open interest we track on that exchange, far above the 16.59% across all 10 venues combined. An insurance fund is the money an exchange keeps to pay for liquidations that close below a trader's bankruptcy price.

The 10 funds held $7.61B on Oct 26, a 24 hour change of -0.02% (-$1.8M) and -0.84% over seven days. OKX is also the largest at $2.97B. Binance follows at $2.45B, covering 14.63% of its open bets, and Crypto.com covers the least, at 0.80%.

These are balances the venues report themselves, not audits.

Coinbase has now priced Bitcoin below the rest of the world's exchanges for 51 straight days. The Coinbase premium, the gap between the US price and the global one, read -0.13% on Oct 26.

Everything around it looks calm. $BTC traded at $80,200, down 0.22% over 24 hours, and Fear and Greed sat at 50, neutral. Bitcoin dominance was 60.07% of a $2.7T market.

Order flow was quiet too. Bitcoin's toxicity score, a gauge of how hard one side pushes through the order book, read 0.12, only the 20th percentile of the last 90 days. Across 10 tracked majors, none added leverage, and $SOL saw the biggest move in open futures bets, up 3.5% with price up 0.2%.

The biggest $BTC options trades of the past 48 hours both sat on Dec 25 puts, and both were negotiated as blocks. One taker sold a $72,000 put for $2.1M in premium. Another bought a $75,000 put for $1.9M. Each is larger than the $1.6M of puts bought across all recorded trades in the last 24 hours.

The 24 hour flow itself was close to even: $1.6M of premium for puts, which gain if price falls, against $1.5M for calls, which gain if it rises. Block trades, deals arranged off the order book, made up 46% of all premium across 12,395 recorded trades.

The third largest trade was also a Dec 25 block, an $80,000 call sold for $781.3K.