Gold rose to a record high of more than $ 3,500 per ounce early Tuesday as Bitcoin BTC$ 109,436.20 continued to act in a matt way.
From data followed by Lookonchain showed that a whale address 0xff15 425 BTC has unloaded, worth $ 46.5 million, in exchange for more than 10,500 ETH in the past four days.
In the meantime, Glassnode said that holders make the win in the long term and spent 97,000 BTC on Friday.
Derivatives Positioning
By Opwar Godbole
- Crypto -Futures bets worth $ 370 million have been liquidated by fairs in the last 24 hours, because the Bitcoin price bounced, confusing expectations for a lower movement.
- The liquidation led to a decrease in open interest (OI) in futures linked to most of the top 10 tokens, with the exception of BTC. Open interest in BTC increased by more than 1%, a sign of inflow of fresh capital.
- XRP printed a “rotating soil” candle on Monday and indicated a potential bullomer. OI in USD and USDT transmission of perpetuation on large exchanges, however, fell by 5.69% in addition to the anemic spot trade volume. The action weakens the case for a long -term recovery.
- Perpetual financing percentages at eight hours before BTC, ETH and other large cryptocurrencies float just above zero, which indicates a slight bias towards lungs.
- On the CME, the positioning in BTC-Futures remains light, in addition to an near-record OI of 2 million ETH in ether-futures.
- On Deribit, BTC options reflect the disadvantage, acting with wells with a premium to calls for the decay of December. Ether options also show a well bias, but not as pronounced as those of BTC. Options coupled to Sol and XRP signal stronger demand for upward exposure.
- BTC block flows have been somewhat Bearish, in which traders picked up the due date of September $ 105k and writing the call of $ 135k in the course of October, alongside PUT calendar spreads. In the case of ETH, $ 3,800 and $ 4,200 were canceled.
Token talk
By Shaurya Malwa
- World Liberty Financial (WLFI), the Trump-Lied Defi project, is running a Back-and-Burn program to strengthen confidence after his rocky launch.
- According to the proposal, the reimbursements of the liquidity positions of WLFI on Ethereum, Binance Smart Chain and Solana would be used to buy tokens on the open market and to burn them permanently.
- The design shifts the framing of the token from oversupply to manipulated scarcity. More trade volume is equal to more reimbursements, which in turn feeds more burns.
- Team members say that long -term holders coordinate with protocol growth, although skeptics mention optics about the content.
- WLFI acts with 23 cents with a market capitalization of $ 6.39 billion, 24% decrease in the day and far below the Futures market values above $ 40 billion seen in the launch.
- A management proposal supported by the community is also circulating to use 80% of the locked supply from WLFI in Polish, with rewards from a community reserve of 20%. Proponents say that the inactive tokens changes into productive assets; Critics say it’s recycling token.
- The debut of WLFI is marred by security issues. Hackers operated EIP-7702 from Ethereum “Delegate Contract” to dispose of tokens from unsuspecting portfolios in what security researchers called an exploit in phishing style.
- Victims describe the loss of most of their allocations. An investor said they only salvaged 20% of their participations before the rest of the rests over.
- Slowmist -founder Yu Xian warned the exploit triggers as soon as compromised users try to give transfer, thereby diverted funds to attack portfolios.
- Scams multiplied next to the exploit: Bubblemaps marked WLFI “bundled clones”, while phishing on the left spread over Telegram and X, as a result of which early buyers of the retail trade are further collected.
- The double shock of price staff and technical exploits underline WLFI’s fragile launch dynamics, with insider-driven range, governance contenders and external security risks that converge to test the viability of the project.
