{"id":47786,"date":"2025-09-16T12:31:40","date_gmt":"2025-09-16T12:31:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=47786"},"modified":"2025-09-16T12:31:40","modified_gmt":"2025-09-16T12:31:40","slug":"crypto-market-today-imx-avax-hash-rally-as-majors-trade-little-changed","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=47786","title":{"rendered":"Crypto Market Today: IMX, AVAX, HASH Rally as Majors Trade Little Changed"},"content":{"rendered":"<div>\n<p>The biggest tokens traded sluggishly as traders awaited Wednesday&#8217;s Federal Reserve meeting. Solana&#8217;s sol (SOL) stood out with near-record open interest in the CME-listed futures. <\/p>\n<p>Privacy-focused monero (XMR) rose 6% over 24 hours, looking past the <a href=\"https:\/\/www.coindesk.com\/web3\/2025\/09\/15\/monero-suffers-deepest-ever-blockchain-reorganization-invalidating-118-transactions\">massive blockchain reorg<\/a> that raised centralization concerns. Other gainers were IMX, up nearly 13%, AVAX, adding 6%, and HASH, which traded 4% higher. <\/p>\n<p>Key market signals painted a mixed picture, warning of an uptick in volatility after the Fed decision. <\/p>\n<p>&#8220;On the surface, the ETF MVRV has climbed to 2.29, and liquidity prints show strong institutional bids,&#8221; Timothy Misir, head of research, <a href=\"https:\/\/urldefense.com\/v3\/__http:\/\/www.thebrn.co__;!!PKfFmjksEw!2lU6UePSUg9kams2QEnsMRIx0WsCAaudS-NjMlYnklAgGhth-uYZdWLSWtF95ayzLAhFIfhbnraYO_He%24\">BRN<\/a>, said in an email referring to the <a href=\"https:\/\/www.etftrends.com\/crypto-channel\/understanding-key-bitcoin-metric-mvrv\/\">market value to realized value<\/a> ratio. <\/p>\n<p>&#8220;Below the surface, spot cumulative volume delta weakened even as momentum indicators turned overbought. That mismatch momentum without broad participation is the classic set-up for a headline-driven retracement or a sharp follow-through if the Fed meets market hopes.&#8221; <\/p>\n<h2><strong>Derivatives Positioning<\/strong><\/h2>\n<p>By Omkar Godbole<\/p>\n<ul>\n<li>Most major cryptocurrencies, including BTC and ETH, continued to experience capital outflows from futures, leading to a decline in open interest. <\/li>\n<li>AVAX stands out with OI rising over 14% as the token&#8217;s market cap looks to climb above $13 billion for the first time since Feb. 2.<\/li>\n<li>Solana OI has reached a record high of over 70 million SOL, with positive funding rates pointing to bullish capital inflows.<\/li>\n<li>On the CME, OI in solana futures pulled back to 7.63 million SOL from the record 8.12 million SOL on Sept. 12. Still, the three-month annualized premium holds well above 15%, offering an attractive yield for carry traders.<\/li>\n<li>BTC CME OI continues to improve, but overall positioning remains light relative to ether and SOL futures.<\/li>\n<li>On Deribit, the bias for BTC and ETH put options continues to ease across all tenors as traders anticipate Fed rate cuts. SOL and XRP options remain biased bullish.<\/li>\n<li>On OTC network Paradigm, block flows featured BTC calendar spreads and shorting of call and put options.<\/li>\n<\/ul>\n<h2><strong>Token Talk<\/strong><\/h2>\n<p>By Oliver Knight<\/p>\n<ul>\n<li>As the crypto market stays within a tight range after a brief peak and trough on Monday, one token is running its own race: IMX is up 15% in the past 24 hours with daily trading volume doubling to $144 million.<\/li>\n<li>The rise lifted IMX, the native token of Web3 gaming platform Immutable, to a five-month high.<\/li>\n<li>Bullish sentiment around Immutable can be attributed to an <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/03\/25\/sec-drops-investigation-into-web3-gaming-firm-immutable\">SEC probe that was dropped<\/a> earlier this year and general optimism around the gaming sector. Gaming is estimated to reach $200 billion in revenue this year with <a href=\"https:\/\/www.blog.udonis.co\/mobile-marketing\/mobile-games\/gaming-industry\">further growth forecast in 2026<\/a> alongside the release of Rockstar Gaming&#8217;s Grand Theft Auto 6.<\/li>\n<li>Immutable is well positioned to capitalize on that growth after <a href=\"https:\/\/www.blog.udonis.co\/mobile-marketing\/mobile-games\/gaming-industry\">teaming up with gaming giant Ubisoft<\/a> on the next iteration of Might and Magic Fates in April.<\/li>\n<li>Blockchain technology could have a key role to play in gaming if trends shift toward in-game ownership of items, which could see the implementation of non-fungible tokens (NFTs) within a game that could then be collected or sold on for crypto tokens.<\/li>\n<li>IMX is currently trading at $0.736 having broken out of a key level of resistance. It will likely come back to test $0.70 as support before potentially moving higher, provided trading volume can sustain at these levels.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The biggest tokens traded sluggishly as traders awaited Wednesday&#8217;s Federal Reserve meeting. Solana&#8217;s sol (SOL) stood out with near-record open interest in the CME-listed futures. Privacy-focused monero (XMR) rose 6% over 24 hours, looking past the massive blockchain reorg that raised centralization concerns. Other gainers were IMX, up nearly 13%, AVAX, adding 6%, and HASH, [&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-47786","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\/47786","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=47786"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47786\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}