{"id":42917,"date":"2025-08-19T12:02:03","date_gmt":"2025-08-19T12:02:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42917"},"modified":"2025-08-19T12:02:03","modified_gmt":"2025-08-19T12:02:03","slug":"markets-today-crypto-prices-hold-steady-while-derivatives-show-long-positions-unwinding","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42917","title":{"rendered":"Markets Today: Crypto Prices Hold Steady While Derivatives Show Long Positions Unwinding"},"content":{"rendered":"<div>\n<p>Major cryptocurrencies were directionless with U.S. stock index futures little changed even though the meeting between European leaders, President Donald Trump  and Ukraine President Volodymyr Zelensky ended on a positive note. <\/p>\n<p>The top 10 coins, including bitcoin (BTC) and ether (ETH), fell early Tuesday, revisiting early Monday lows, before recovering to trade flat on a 24-hour basis, according to CoinDesk data. <\/p>\n<p>The CoinDesk 20 index of the largest tokens rose 0.5% and the CoinDesk 80 Index, a broader market gauge, added even less, indicating relatively lackluster trading in altcoins. The CoinDesk Memecoin index dropped 0.3%.<\/p>\n<p>Still, select a few names like Mantle Network&#8217;s MNT token and HASH chalked out double-digit price gains. <\/p>\n<h2>Derivatives Positioning<\/h2>\n<ul>\n<li>BTC&#8217;s retest of $115,000 overnight saw cumulative open interest in USDT perpetual futures listed on Deribit, Binance, OKX, Bybit and Hyperliquid drop 222,000 BTC to 214,000 BTC, the lowest in over a week. <\/li>\n<li>The capital outflow suggests the price drop was driven by the unwinding of long positions rather than the initiation of new short positions.<\/li>\n<li>The opposite was the case with ETH. Open interest rose to above 5 million ETH, suggesting an influx of new shorts.<\/li>\n<li>Open interest in the top 10 tokens, excluding ETH and BNB, fell over the past 24 hours.<\/li>\n<li>Mantle Network&#8217;s MNT token has gained nearly 14% in 24 hours. However, funding rates have flipped bearish in the last few hours alongside an uptick in open interest. Those holding long positions are now shorting futures to hedge their bullish exposure.<\/li>\n<li>On the CME, positioning in BTC standard futures sized at 5 BTC remains light with annualized three-month basis locked below 10%. ETH&#8217;s open interest has risen to 1.83 million, reversing the majority of a decline that took it to 1.51 million ETH, indicating renewed capital inflows. The basis, however, dropped to 8.90% from 11%.<\/li>\n<li>Open interest in ETH CME options surpassed 200,000 ETH for the first time since September, indicating increased investor interest in hedging instruments.<\/li>\n<li>On Deribit, BTC puts out to November expiry trade at a premium to calls, reflecting concerns the price will drop. Subsequent expiries show neutral-to-bullish sentiment. In ETH&#8217;s case, the bearish sentiment is seen out to September expiries.<\/li>\n<li>Block flows via OTC network Paradigm featured long positions in the BTC $120K put expiring Aug. 22 and the ETH $4K put expiring Aug. 29.<\/li>\n<\/ul>\n<h2>Token Talk<\/h2>\n<ul>\n<li><strong>Starknet&#8217;s<\/strong> v0.14.0 upgrade introduces a multi-sequencer setup with Tendermint consensus, the first step toward decentralizing sequencing and proving. Multiple sequencers will now participate in block generation, aiming to boost resilience and throughput.<\/li>\n<li>The release includes a pre-confirmation system for near-instant transaction updates and an EIP-1559-inspired fee model with a minimum charge of 3 gFRI. A brief 15-minute mainnet outage is expected during rollout.<\/li>\n<li>Starknet plans to expand sequencer and prover decentralization in later versions, with the long-term goal of a fully distributed scaling system.<\/li>\n<li>The shift may also have implications for Starknet\u2019s STRK token, which is used for transaction fees and staking. With the introduction of a base fee burn and a more competitive fee market, traders can expect long-term supply compression similar to Ethereum\u2019s post-EIP-1559 dynamics, which has burned over 5 million ETH to date.<\/li>\n<li><strong>Solana&#8217;s DeFi TVL<\/strong> rose 30.4% in the second quarter to $8.6 billion, driven mainly by Kamino\u2019s $2 billion contribution, cementing its spot as the second-largest network by DeFi activity, Messari data shows.<\/li>\n<li>Spot DEX volumes fell 45% to $2.5 billion as memecoin hype faded, while stablecoin supply dropped 17% to $10.3 billion. USDC\u2019s Solana market share slid to 69% with a $7.2 billion cap, while USDT held steady near $2.3 billion.<\/li>\n<li>Liquid staking participation grew to 12.2% of SOL\u2019s supply, lifting staked value to $60 billion and enhancing DeFi yields. Solana\u2019s circulating market cap climbed 30% to $82.8 billion, ranking sixth among all tokens.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Major cryptocurrencies were directionless with U.S. stock index futures little changed even though the meeting between European leaders, President Donald Trump and Ukraine President Volodymyr Zelensky ended on a positive note. The top 10 coins, including bitcoin (BTC) and ether (ETH), fell early Tuesday, revisiting early Monday lows, before recovering to trade flat on a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-42917","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42917"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42917\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}