Derivatives
Research
Ripple’s XRPL DEX liquidity spikes 75% in one month
Capital is flocking to the XRPL order book faster than traders can use it.
Research
Ethereum open interest tops $24.5B as traders chase rally
Ethereum’s derivatives market has rarely looked this crowded.
Research
ETFs now shape US Bitcoin trading more than spot exchanges
ETF flow spikes now move Bitcoin more than spot order books.
ETFs
ETF inflows hit $2.2B in 48 hours before dropping to $297M
A rush of inflows into spot Bitcoin ETFs on July 10 and 11 has given way to fading demand.
Research
Options gamma pin at $123k holds Bitcoin in a tight range after new ATH
Deribit traders are betting big on more upside, not protection.
Research
Bitcoin has NOT reached a new all-time high in euros and pounds amid $118k breakout
Bitcoin’s new USD record hides weaker performance in Europe, where forex strength blunted its gains against GBP and EUR.
Derivatives
Shorts wrecked from $539M worth of liquidations as Bitcoin reaches new ATH
Short sellers were caught off guard as BTC spiked.
DeFi
DeFi TVL breaks above $116B as lending roars back
Ethereum and Solana led all major chains in DeFi inflows, while stablecoin supply now exceeds TVL by more than twofold.
Bitcoin
Bitcoin’s climb past $110k to within 2% of ATH tightens spread between USD and USDT pairs
Even with arbitrage smoothing the spread, BTC-USD traded higher than BTC-USDT 97% of the time, showing consistent preference for dollar settlements.
Research
End of the quarter wipes out billions from Bitcoin open interest
Options expiry in June erased over $15 billion in open interest (OI) without moving spot price.
Research
Bitcoin realized market cap stacking shows silent strength beneath price action
While Bitcoin’s price still sits below its ATH, on-chain valuations keep expanding.
ETFs
Bitcoin ETFs add $2.9B in last week of June ending month strong
BlackRock, Fidelity, and Ark lead ETF inflows, offsetting the outflows from Grayscale's GBTC.
