11h ago
Kaspa Open Interest Jumps 42% to $66.92 Million Amid Declining Network Activity
Kaspa (KAS) saw open interest rise 42% to $66.92 million within 24 hours, driven by leveraged long positions with a positive funding rate of 0.0035%. However, active addresses fell 97.72% from 513,110 on November 11 to 11,770, while on-chain data showed distribution patterns and reduced network engagement. Despite $1.3 million in selling pressure over 48 hours, 54.84 million addresses maintained non-zero balances, suggesting stability in holder base even as momentum indicators weakened.
KAS
KAS+2.45%
11h ago
11-9
Bitcoin Bid-to-Ask Ratio Turns Positive at 0.2 as Price Consolidates Between $101,000 and $103,000
Bitcoin is trading at $102,289, consolidating within a three-day range between $101,000 and $103,000. The Bid-to-Ask Ratio has turned positive at 0.2 for the first time in months, while the Bitcoin Bubble Index stands at 13.46, well below the typical market top reading of 139. Data show long-term holders have increased selling activity over the past thirty days, though multiple on-chain metrics point toward building accumulation that could support upward momentum.
11-9
11-5
Long-Term Bitcoin Holders Sell 400,000 BTC Worth $41.6 Billion in October
Bitcoin fell to $103,700 as long-term holders sold approximately 400,000 BTC valued at $41.6 billion during October, according to CryptoQuant data. The selling pressure from wallets inactive for over six months, combined with whale distributions and weakening demand, pushed the asset toward the $100,000 level. Market demand has failed to keep pace with the ongoing distribution, with metrics showing negative growth over the past 30 days.
11-5