Crypto Markets Rise as Federal Reserve Cuts Interest Rates

Cryptocurrencies like bitcoin, ether, XRP, and solana are seeing gains following the Federal Reserve's interest-rate cut. Analysts, however, remain cautious.

The rate cut has provided a short-term boost to crypto markets, but institutional flows show mixed signals.
Timothy Misir suggests using bitcoin price between $115,000–$115,500 for risk management.

Derivatives Positioning

BNB, AVAX, and DOT see significant increases in futures open interest, supporting their recent price growth.
BTC's cumulative open interest in perpetual futures declines despite rising prices, indicating limited participation from derivative traders.
BCH, TRX, BNB, BTC, XMR, AVAX, and SUI show strong buying pressure with positive open interest-adjusted volume delta.
No signs of market overheating, as annualized funding rates for smaller tokens remain around 10%.
Ether futures open interest on CME approaches the 2 million ETH mark, while BTC futures remain light.
Deribit options show a neutral to bearish bias for BTC, whereas ether options are bullish across tenors.
OTC network Paradigm indicates demand for high-value calls and puts expiring soon.

Token Talk

The altcoin market rebounded after oversold conditions, with some tokens gaining over 10%.
Ether.fi (ETHFI) rose 12%, marking its highest point since January.
BNB surpassed $1,000 for the first time amid strong momentum.
Bitcoin is approaching $117,300, maintaining support above $110,000.
Bitcoin's dominance fell to 56%, indicating increased investor interest in speculative assets.
The DeFi sector saw significant growth, with total value locked reaching $170 billion, a peak since April 2022.
Hyperliquid's blockchain hit a record $2.77 billion, while Sui's TVL increased by 3% to $2.1 billion.