{"id":52612,"date":"2025-10-13T17:01:51","date_gmt":"2025-10-13T17:01:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52612"},"modified":"2025-10-13T17:01:51","modified_gmt":"2025-10-13T17:01:51","slug":"crypto-markets-today-bitcoin-and-altcoins-recover-after-500b-crash","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52612","title":{"rendered":"Crypto Markets Today: Bitcoin and Altcoins Recover After $500B Crash"},"content":{"rendered":"<div>\n<p>The crypto market staged a recovery on Monday following the weekend&#8217;s $500 billion bloodbath that resulted in a $10 billion drop in open interest.<\/p>\n<p>Bitcoin (BTC) rose by 1.4% while ether (ETH) outperformed with a 2.5% gain. Synthetix (SNX), meanwhile, stole the show with a 120% rally as traders anticipate &#8220;perpetual wars&#8221; between the decentralized trading venue and HyperLiquid.<\/p>\n<p>Plasma (XPL) and aster (ASTER) both failed to benefit from Monday&#8217;s recovery, losing 4.2% and 2.5% respectively. <\/p>\n<h2><strong>Derivatives Positioning<\/strong><\/h2>\n<ul>\n<li>The BTC futures market has stabilized after a volatile period. Open interest, which had dropped from $33 billion to $23 billion over the weekend, has now settled at around $26 billion. Similarly, the 3-month annualized basis has rebounded to the 6-7% range, after dipping to 4-5% over the weekend, indicating that the bullish sentiment has largely returned. However, funding rates remain a key area of divergence; while Bybit and Hyperliquid have settled around 10%, Binance&#8217;s rate is negative.<\/li>\n<li>The BTC options market is showing a renewed bullish lean. The 24-hour Put\/Call Volume has shifted to be more in favor of calls, now at over 56%. Additionally, the 1-week 25 Delta Skew has risen to 2.5% after a period of flatness.<\/li>\n<li>These metrics indicate a market with increasing demand for bullish exposure and upside protection, reflecting a shift away from the recent &#8220;cautious neutrality.&#8221;<\/li>\n<li>Coinglass data shows $620 million in 24 hour liquidations, with a 34-66 split between longs and shorts. ETH ($218 million), BTC ($124 million) and SOL ($43 million) were the leaders in terms of notional liquidations. Binance liquidation heatmap indicates $116,620 as a core liquidation level to monitor, in case of a price rise.<\/li>\n<\/ul>\n<h2><strong>Token Talk<\/strong><\/h2>\n<p>By Oliver Knight<\/p>\n<ul>\n<li>The crypto market kicked off Monday with a rebound in the wake of a sharp weekend leverage flush. According to data from <a href=\"https:\/\/coinmarketcap.com\/\">CoinMarketCap<\/a>, the total crypto market cap climbed roughly 5.7% in the past 24 hours, with volume jumping about 26.8%, suggesting those liquidated at the weekend are repurchasing their positions.<\/li>\n<li>A total of $19 billion worth of derivatives positions were wiped out over the weekend with the vast majority being attributed to those holding long positions, in the past 24 hours, however, $626 billion was liquidated with $420 billion of that being on the short side, demonstrating a reversal in sentiment, according to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass<\/a>.<\/li>\n<li>The recovery has been tentative so far; the dominance of Bitcoin remains elevated at about 58.45%, down modestly from recent highs, which implies altcoins may still lag as capital piles back into safer large-cap names.<\/li>\n<li>The big winner of Monday&#8217;s recovery was synthetix (SNX), which rose by more than 120% ahead of a crypto trading competition that will see it potentially start up &#8220;perpetual wars&#8221; with HyperLiquid.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The crypto market staged a recovery on Monday following the weekend&#8217;s $500 billion bloodbath that resulted in a $10 billion drop in open interest. Bitcoin (BTC) rose by 1.4% while ether (ETH) outperformed with a 2.5% gain. Synthetix (SNX), meanwhile, stole the show with a 120% rally as traders anticipate &#8220;perpetual wars&#8221; between the decentralized [&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-52612","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\/52612","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=52612"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52612\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}