NEAR is up 11%, but Binance open interest has dropped by 1.69 million coins
NEAR is up 11% this round, but it wasn’t built by leverage stacking. Over the past day, NEAR rose on both Binance and OKX from around 4.76 to 5.44, with a high touching 5.51. By normal logic, such a big move should have attracted a batch of new long orders. It’s actually the exact opposite. Binance futures open interest fell from 52.73 million coins to 51.04 million coins, down by 1.69 million. The open interest value is higher—it’s being propped up by rising prices, not new money. Retail investors are getting out. Binance long accounts dropped from 62.5% to 58.1%; the higher it goes, the more people take profits or flip their positions. Big holders didn’t move—long positions stayed steady around 74% or so. The fees are also quiet—0.01% every 8 hours, basically the default level. The longs aren’t rushing to pay extra.
Google up 3.6% in a day, only liquidated $42k; Binance positions withdrew 13% in three hours
This leg of Google’s rally has been very quiet—no one was forced. The people in the contracts themselves are getting off the train. At 9pm, Google was at 345.6. After the US stock market opened, it was pushed to 352.88. Now both Binance and OKX are around 351.9, up 3.6% over the past 24 hours. It’s gone up so much—shorts should’ve been squeezed in a big way. In reality, throughout the entire day Google only liquidated $42,000, and the largest single order was just a $19,800 long. The change is in positioning. At 9pm, Binance Google futures had 268,000 shares; three hours later it was down to 232,000—withdrawals of 13%, or $10.8 million less. Most of what was withdrawn was from longs. The long accounts dropped from 84.4% to 82.2%. In the previous round, longs still paid a 0.0066% fee, but this time it went straight to zero—no one is willing to pay extra to chase.
XPL is down 24% from its peak; Binance’s large holders have added longs back to 77%
XPL fell back to 0.095, and Binance’s large holders have again returned to the long side. On September 25, XPL surged to 0.1255. Now Binance and OKX are both around 0.0956, down 24% from the high. Over the most recent 24 hours, it has fallen 3.8%. Those two days saw a big spike and rise. On Binance, long accounts increased from 50% to 61%, and the longs that chased higher were mostly retail traders. Meanwhile, the proportion of longs within large accounts actually fell from 79% to 69%—they were cutting positions while the price was going up. Now it’s the opposite. Long accounts have slipped back to 52%, and the large-account long ratio has climbed back to 77%. Over the past day alone, it also rose from 75.5% to 77.2%. At the same time, Binance holdings dropped from 551 million to 510 million coins, removing 7.5%. With a fee rate of only 0.005%, nobody is rushing to add leverage and go long.
TRUMP has been circling around $2 for two weeks; Binance’s holdings increased by 3.91 million coins long
TRUMP’s price hasn’t gone far, yet the positions betting on it keep getting stacked higher. Two weeks ago, TRUMP was at 1.88; now it’s around 2.09, up 11%. A week ago, there was a day it was dumped from 2.28 down to 1.91, and afterward it kept ranging around the 2s. That day moved between 2.001 and 2.125, rising 2.2%. Two weeks ago, Binance’s futures contracts had 25.74 million coins; now it has 29.65 million—an increase of 3.91 million, up 15%. The price hasn’t moved much, and the people placing bets have kept pouring in. On Binance, long accounts make up 61.9%. Large holders are even more long-biased: 70.1% of their positions are long. But over the past few hours, they’ve eased down from 70.9%—quietly reducing exposure. The funding rate has been very calm. Binance and OKX have both stayed at 0.005%, so longs haven’t had to spend much extra.
XLM is up 22% over two weeks; Binance long accounts rise from 48% to 65%
XLM has risen for two weeks, and as it keeps climbing, retail investors are getting bolder about chasing long positions. Two weeks ago, XLM was still around 0.183; now it’s near 0.224—up 22%. Throughout the day it ranged back and forth between 0.2190 and 0.2319. Holdings have been steadily increasing. Binance futures had 216 million coins two weeks ago, and now it’s 258 million—up by 20%. The price and positions both rose together. What changed the most is sentiment. Two weeks ago, Binance’s long accounts were only 48.2%; now they’re up to 65.4%. In three accounts, two are betting on longs. Big players are even more full-on—69.3% of their holdings are long positions. But the fee rate hasn’t moved. Both Binance and OKX are still stuck at 0.01%. The long buyers who chased in haven’t had to pay more yet.
DOT up 4%: only $250k liquidated in a day, yet long accounts rise to 67%
DOT is rising very quietly, while retail investors are quietly adding longs. Over the last 24 hours it rose 4%. Around a little after 9 PM it touched 1.2628, the day’s high. Now it’s around 1.236—down 2.1% from the high point. In a single day, only $250,000 was liquidated—longs of $170,000 and shorts of $81,000. The largest single position was a $306,000 short order placed on Binance at 4:51 PM. Even after a 4% rise, so little was blown out—both sides were not heavily leveraged. Positions are gradually being added. In Binance Futures over the last 15 hours, the number of contracts grew from 31.02 million to 32.11 million—up 3.5%, roughly in line with the price increase, with no rush-like crowding in. What changes is the direction. On Binance, 24 hours ago the long accounts were 65.2%; now they’re 67%. Among the three accounts, two are betting on the upside.
JTO drops 8.5% from the day’s high in three hours; Binance big holders are still 78% long
With this drop in JTO, positions are pulling back—big players are doubling down as they go. Sometime after 8 p.m. it surged to 0.5727, the day’s high. From 9 o’clock it kept trending downward. At 11:19 it touched 0.5243, and over three hours it fell 8.5%. It’s now around 0.537, down a little over 3% over the last 24 hours. Long positions liquidated after 9 o'clock amount to about $110,000, while short positions are only $247. The largest single liquidation is $9,774—leveraged longs aren’t getting squeezed. The positions were being reduced. Binance’s holdings peaked at 24.59 million coins at 9 o’clock, then dropped to 23.64 million by 11:30, down by 0.95 million coins—nearly 4%. Among Binance’s big holders, the share of long positions as a percentage increased from 78.1% at 8 o’clock to 78.6%, and it’s higher than the daily readings for each of the past 30 days. The OKX long/short accounts ratio also rose from 1.53 to 1.75.
BCH spikes to 318.6 then falls back to 306; Binance’s holdings actually increase by 9,100 coins
BCH did a buy-the-dip spike once, then while it was falling back down, the futures position holdings actually kept increasing. At 9:10 pm, a 5-minute candle shot up to 318.6, the day’s high. Starting at 9:35 it began to sell off hard; at 10:40 it dipped to 303.1, and now it’s around 306.7. In the past 24 hours, it has barely moved. In the last 4 hours, BCH was wiped out by $280,000, and long positions account for $216,000. The most brutal part was between 9:36 and 9:41, when OKX had three long orders liquidated totaling $112,000. The weird thing is the positions. From 9 o’clock until now, Binance has increased its long holdings by over 9,100 coins, about $2.8 million. Since 7 o’clock, the proportion of longs made by Binance’s big accounts rose from 69.5% to 70.7%, while the long/short account ratio on OKX climbed from 2.21 to 2.68.
AVAX falls below $11, removes 7% of positions; long accounts rise to 73.6%
AVAX is falling while reducing positions: open interest in the futures market fell by 7%, yet the number of accounts betting on longs actually increased. Just after 8 p.m., it even touched 11.36. In less than three hours, it was smashed down to 10.79—Binance and OKX’s daily lows are both around here. Now it’s 10.84, down about 2.8% over 24 hours. Binance’s holdings dropped from 11.38 million coins to 10.59 million in one day. At the current price, that’s about $8.6 million less. Some people decided to admit defeat and leave. But the people who are going long haven’t reduced either. On Binance, the proportion of long accounts rose from 71.4% to 73.6%, and on OKX the long/short ratio is also 1.87. Prices are falling, and retail investors are still catching the drop. In the past hour, AVAX liquidations totaled $192,000, with 53 trades—every single one was a long position. Fees have also loosened: over the past two days, longs paid 0.01% per period. In the next round, Binance and OKX both predict it will turn negative—so it’s the shorts who pay.
Out of 562 trades, he only lost 1—his $20.8 million unrealized profit is all on a single SOL trade
This Hyperliquid whale closed 562 trades and only lost 1—but the real money he’s making is from a SOL long position that he hasn’t closed yet to this day. Address: 0x9c6a5b4662c722d2c47f43d6c9813cb080ffa4ed He only has one position left in his hands: a long SOL position of 550,000 SOL, with an entry average price of $80.86. SOL is now hovering around 118.6. The market value of this trade is $65.28 million, with an unrealized profit of $20.8 million. From when he opened the position until now, SOL has risen by nearly 47%—and he hasn’t missed a bit of that move. Now let’s look at the positions he closed. Over the 11 days that were counted, he closed a total of 562 trades—only 1 loss, for a win rate of 99.8%. But combined, these 562 trades only realized $475,000. On average, that’s less than $900 per trade—and fees alone already cost $6,432. In plain terms: small trades, in and out quickly. Make a little profit and leave.
ZEC pumped 4.5% in an hour and a half, then gave it all back—this hour is the turn for the longs to get liquidated for $1.37 million
ZEC tonight has been a busy but pointless affair: first it liquidated the shorts, then it liquidated the longs. The rally started at 8:30. It surged from 1,430 to 1,494.19 by 9:30, which is the 24-hour high. Now Binance and OKX are both around 1,425. The entire gain has been given back, and it is down 4.6% from the peak. In the past 4 hours, ZEC was blown up by $7.81 million, with short positions accounting for $5.35 million. In the segment when it spiked to the top, a lot of the short sellers were squeezed out. In the past hour, the direction flipped again: long positions were liquidated for $1.37 million, while shorts were only $86,000. Those who chased at the high end ended up as the bag holders. Positions are also being withdrawn. On Binance, holdings rose from 900,000 to 454,000 coins by 9 o’clock, and now are down to 446,000—down 1.8%. It’s also lower than it was at 6 o’clock in the evening. All the leverage added during the pump has been fully unwound.
Gold and silver wiped out $540,000 in long liquidations in one hour, and silver was hammered to the session low
Gold and silver both dived tonight together, and the people chasing longs got wiped out in a round. Gold during the 8:00 PM hour surged to 4226.8, the highest in the past 24 hours. It has now fallen back to around 4173; both Binance and OKX are about 1.2% below their peak. Silver is weaker—just dropped to 60.46, the session low, down 1.4% over the past 24 hours. In the past hour, the combined gold and silver liquidations totaled $540,000, almost all were long positions. Gold liquidations were $281,000 for longs; shorts were only liquidated for $176. Silver liquidations were $257,000 for longs across 37 trades, and by 10:36, $112,000 was cleared in just one minute. During the day, the ones being hit were the shorts. In the past 24 hours, gold shorts liquidated $1.75 million—1.8 times the amount of long liquidations. Late at night, that push higher forced the shorts out, and also trapped the longs that rushed in at the top.
Dogecoin fell 4% from its intraday high—Binance whales increased their long positions to 80%
Dogecoin failed to break higher tonight, while Binance whales are adding more as the price falls. At 9:30 p.m., DOGE touched 0.09815—the 24-hour high. After that, it went down all the way. By 10:30, it dipped to 0.09417 at one point, a 4% pullback. Now it’s around 0.0946. Both Binance and OKX are down 1.2% over the past 24 hours. In the past hour, DOGE exploded by $960,000—almost all longs, with shorts of less than $3,000. The people who chased it around 9:30 were the first to get cut. The whales haven’t run. Binance whales’ long-position share was 75.2% at around 6 p.m.; after that, it rose every hour and now it’s up to 80%. The number of coins held is also about 1% higher than after 9 o’clock; while the price is falling, the position size is being added. This is bottom-fishing, not hard holding.
CRV fell 4%: 64% of accounts on Binance are betting long; on OKX, two of the three accounts are short
CRV fell for a full day, and the retail traders on Binance and OKX have taken the other side. CRV is now at 0.3841. Binance is down 4.4% over the past 24 hours, while OKX is down 4.1%. After spiking to 0.4116 at around 5 p.m., it then kept sliding downward; from that high point it has fallen 6.7%. Binance gets more people copying bottoms the further it falls. The proportion of long accounts was 52.2% at 10 p.m. last night, rising to 64.2% at 10 p.m. tonight—nearly every hour it keeps adding. Large holders’ positions are also 64.7% long. OKX is exactly the opposite: the long-to-short account ratio is only 0.51, and in roughly two out of three accounts, people are short. But the money didn’t follow. The number of coins held on Binance dropped from 81.93 million at around 6 p.m. to 77.71 million, down 5.2%. There are more accounts but fewer holdings—big funds are leaving, and the “bottom-catching” longs are mostly small orders.
SUI funding rates turn negative; 70% of accounts still holding longs—over 550,000 positions liquidated in one hour
Tonight, the most people betting long on SUI are longs—and the ones getting hit are also the longs. Starting at 8:30 p.m., in under 45 minutes SUI jumped from 1.148 to 1.2119, up 5.5%. After 9:30 p.m., it started getting dumped. By 10:20 p.m., it briefly fell to 1.1556, and it’s around 1.16 now—this rally has given back about 80%. More strange is the funding rate. Binance’s funding rate turned negative starting at 7 p.m.; it’s now -0.0031%. OKX is also negative. In the past seven days, Binance only had 11 hours where it was negative—pushing the futures price below spot—which suggests that the sellers in the futures market are more急 (more urgent). But on the account side, it’s one-sided. On Binance, 71% of accounts are long; for large accounts it’s 73.7% long. OKX also has 69.4%.
Altcoin Season Index Reaches 70, While Dogecoin and HYPE Haven’t Outperformed Bitcoin in Three Months
Today the altcoin season index climbed to 70; two weeks ago it was only 30. But not everyone has managed to catch up. Over the past 90 days, Bitcoin is up 37%. Of the top 50 coins by trading volume, 35 have outperformed it, and Ethereum is up nearly 60%. There are familiar faces among the stragglers. $DOGE It hasn’t grown by more than 30% in 90 days, $HYPE and it’s about the same for now—still, they haven’t managed to catch up with Bitcoin. Greed index is 71, staying above 70 for 12 straight days. The sentiment is hot, but the money is picky about what it buys. People holding Dogecoin waiting for the lagging rebound are the most uncomfortable. The index is still 5 points away from 75; once it reaches 75, it’ll truly be the altcoin season. Do you think this wave can push through?
AAVE drops from 176 to 161, while WLD and NEAR are still seeing volume growth
Coins with big trading volume today split into two groups: WLD and NEAR are rising, while $AAVE is falling. AAVE fell 6.6% in a day. On Binance, it hit a high of 176.24 and is now around 161, less than 2% away from the low of 158.45. On OKX, the high and low points are almost the same too—it's not like one exchange is dumping. $WLD Up 9.6% with 1.35 billion in trading volume. NEAR is up nearly 7% with 2.88 billion in volume. There’s real money buying. Among the coins with over 100 million in trading volume, the one that fell the most was LIT, dropping from 4.62 to 3.95, down 11.5%. Can you catch AAVE at 160? #涨跌幅榜 #AAVE Check in real time: https://www.coinboss.com/zh/gainers-losers
FIL pumped for an hour and then gave it all back in five minutes—the liquidated longs were only $72,000
$FIL At 8:30 pm, it pumped for an hour. By 9:35 pm, in just five minutes, it fully gave it back. On Binance futures, FIL was pushed from 1.0645 to 1.0908, up 2.5%. It also promptly blew up 10 short positions totaling $32,000. Then at 9:35 pm, a single five-minute candle slammed it from 1.0817 down to 1.0565. At 9:40 pm, it probed again at 1.0544—lower than the starting point of the rally. OKX moved the same way, with the low at 1.0541. This dump only triggered 47 long orders, totaling $72,000. At the same time, Binance’s positions dropped by 500,000 FIL, about $530,000. Less than 15% of those got liquidated; most just ran on their own. After the drop, Binance’s long accounts actually rose from 65.5% to 65.8%, with big holders putting 74% on long. Retail is coming in next, and the big holders haven’t left either.
NIL up 12%; on Binance, two out of every three accounts are still shorting
$NIL It’s up 12%. On Binance, most accounts are still on the short side. Over 24 hours, NIL rose from 0.0763 to 0.0995; it’s now 0.0934, 6% below the high. Most of the gain came from the two hours between 7pm and 9pm, with $13.57 million in volume—accounting for a third of the whole day. On Binance, only 35.4% of accounts are going long—roughly two out of every three accounts are shorting. Throughout the whole day, it never exceeded 36.2%. On the big players’ side it’s the opposite: long positions make up 65.6% of their holdings, only a bit lower than the 71.9% at around midnight. Even though the number of shorts is higher, they weren’t wiped out in a large-scale purge. In one day, $228,000 was liquidated; surprisingly, longs accounted for 60%. Binance positions added 8.5% in a day—about 8.2 million tokens—with the fee rate staying at the base tier of 0.005% for eight consecutive rounds.
INJ didn’t rise in a day, but Binance large holders’ long-position share climbed to 78.5%, a 30-day high
$INJ The price didn’t really move much over the day, but Binance large holders’ long positions kept adding. Over the last 24 hours, INJ has been oscillating between 7.52 and 7.83. It’s currently 7.68, down 0.4%. The position tells a different story. In Binance large holders’ holdings, the proportion of long positions rose from 75.6% at 8:00 last night to 78.5%, extending a winning streak for 7 consecutive periods— the highest level in the past 30 days. Retail long accounts also climbed from 48.9% to 52.5%, passing the halfway mark. What’s strange is that holdings didn’t rise along with it. Binance INJ contract holdings actually decreased by 1.9% over the course of a day, about 74,000 coins. As the share of long positions moved upward while total exposure moved downward, it looks more like short positions held by big players are being closed—not fresh money flowing in to go long.