Markets
What to know:
- Ah, dear Zcash (ZEC), how delightfully it soared 41
- A looming U.S. government shutdown, that utter farce, has debased the dollar and propelled gold to ludicrous heights, crafting an ambiance most favorable for our risky crypto escapades. What a theatrical turn! 🎭😉
- Despite the bullish bravado in futures and options, the average crypto RSI whispers of impending overbought ennui, hinting that this fever might soon cool like a witless suitor. Sarcasm aside, consolidation beckons saucily. 📉🙄
The crypto market, that fickle beast, indulged in a Wednesday whimsicality, with bitcoin and ether ascending 2.9
But oh, the true drama unfolded in the altcoin arena, where tokens leapt by double-digits, fueling speculations of another “altcoin season”-that ephemeral romance we adore with ironic detachment. Isn’t fate a splendid jest? 🌟😏
ZEC, the rogue of privacy coins, pirouetted to its zenith since May 2022, while sundry DeFi minstrels harmonized upward. Benevolence or buffoonery? One can only chuckle at the spectacle. 💸😂
This market merriment coincides with the U.S. government shutdown, that operatic blunder, which hath scorched the dollar and hoisted gold to dizzying records at $3,887. What fodder for the satirist’s quill! 🏛️😜
Derivatives Positioning
by Jacob Joseph
- The BTC futures market, ever the optimist, flaunts a sturdy bullish bias, with open interest lounging at $31.69 billion, testament to traders’ insatiable gambles-Binance reigning supreme at $13.19 billion, naturellement. The 3-month annualized basis flirts between 6
- In BTC options, a delicious divergence unfolds: the 25 Delta Skew for short-term trifles lingers low, betraying hedges against doom, while 24-hour Put/Call Volume erupts in bullish frenzy at 63.54
- Funding rates, those fickle fees, not only persist positively on realms like Binance and OKX but surge ubiquitously, even on tempestuous Hyperliquid. Deribit parades at 17
- Coinglass unveils $644 million in 24-hour liquidations, a 38-62 tango ‘twixt longs and shorts. BTC ($166 million), ETH ($164 million), and Others ($69 million) lead the lachrymose parade, with Binance’s heatmap crowning $116,650 as a liquidation level to surveil. Ah, the cruel comedy of markets! 📉😅
Token Talk
By Oliver Knight
- The privacy token Zcash, that enigmatic charmer, crowns the parade this Wednesday, ascending to May 2022 vistas after breaching against bitcoin and dollar pairs. Truly, a breakout fit for a boulevardier! 🚀😘
- ZEC fluttered to $97.25 ere retreating to $92.00-a 41
- This surge entwines with altcoin ecstasies, DeFi darlings like Ether (ENA wait, no-ENA, CRV, and RAY) surging over 8
- Altcoins outshone bitcoin thus far, yet lo, the average crypto RSI approaches overbought oblivion, portending consolidation’s cool embrace. Let irony reign in this ephemeral frolic! 📉😏
- Amidst glories, Aster, the BNB Chain perpetual’s token, tumbled 6.8
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2025-10-01 15:46