Market notes

INJ turned over 34.4% of its market value in 24 hours

• INJ traded $320.3M in 24 hours against a market value of $930.8M - 34.4% of itself changed hands.
• Median across today's coins: 4.7%.
• Lowest: BTC at 2.0%.
• Turnover is activity, not direction.

INJ stands out on activity at 34.4%, far above the 4.7% median. BTC sits at 2.0%, so turnover was concentrated rather than broad across today's coins.

137 reached target in the last 30 days

• Over the last 24 hours among today's coins: FIL +6.0%, ICP -0.5%.
• 5 of 10 finished the day higher.
• BTC trend: up, dominance 59.3%.
• Fear & Greed: 53 (Neutral), 62 a day earlier.
• Our calls today: 6 - XLM, POL, BTC, XRP, TRX, ICP.
• Closed today: 5 - 1 target hit, 4 expired.
• Last 30 days: 185 calls closed, 137 reached target, 18 stopped.
• Past results, not a forecast.

Market action was mixed: 5 of 10 finished higher, with FIL +6.0% and ICP -0.5%, while BTC stayed in an up trend at 59.3% dominance. Fear & Greed eased to 53 from 62, a cooler but still Neutral backdrop.

POL sits -8.2% from its 20-day average

• POL is -8.2% from its 20-day average, -5.9% from the 50-day and -3.8% from the 200-day.
• 1 of 10 trade above their 20-day average.
• Distances as of now, not targets.

7 of 10 coins show open-interest events in the last 24 hours

• 7 of 10 coins show an open-interest event in the last 24 hours; the rest are quiet.
• Cascade: ETH, XRP, POL, BNB, XLM, ENA, FIL.
• A reading of the last 24 hours, not a forecast.

The activity is one-sided: ETH, XRP, POL, BNB, XLM, ENA, and FIL all register a cascade in the last 24 hours, while the rest are quiet. That reads as broad forced closing rather than fresh positioning.

0 of 10 sit in the upper half of their 20-day range

• FIL sits at 20% of its 20-day range; ETH at -13%, below its 20-day low.
• 0 of 10 sit in the upper half of their range.
• Position in a range, not a target.

The range picture is uniformly weak: 0 of 10 are in the upper half, FIL is at 20%, and ETH is at -13%, below its 20-day low.

0 of 10 finished the day higher

• Over the last 24 hours among today's coins: SOL -2.0%, POL -6.2%.
• 0 of 10 finished the day higher.
• BTC trend: up, dominance 59.3%.
• Fear & Greed: 62 (Greed), 57 a day earlier.
• Our calls today: 6 - BNB, SOL, BTC, AVAX, ONDO, ATOM.
• Closed today: 3 - 3 expired.
• Last 30 days: 182 calls closed, 137 reached target, 18 stopped.
• Past results, not a forecast.

BTC stayed up with 59.3% dominance and Fear & Greed moved to 62 from 57, but today's coins were weak: 0 of 10 finished higher, with SOL -2.0% and POL -6.2%. Closed today: 3 expired.

ONDO shorts pay 28.8%/yr as open interest slips 0.5%

• ONDO: shorts pay 28.8%/yr in funding, with open interest -0.5% in 24 hours.
• Longs pay and open interest grew on 1 of 10 coins.
• Positioning, not a forecast.

Across today's list, longs pay with open interest growth on just 1 of 10 coins. In ONDO, the 28.8%/yr short funding sits with open interest at -0.5%, pointing to pressure on one side without fresh position build.

Retail long share on INJ rose to 64% from 54% in a week

• Retail long share (daily reading): 54% a week ago, 64% today.
• Top trader positions (daily reading): long/short 2.14, net long.
• Open interest: +1.9% in 7 days.
• Funding: +4.0%/yr, longs pay shorts.

Retail long share rose to 64% from 54% in a week while top traders stayed net long at 2.14. Open interest at +1.9% in 7 days and funding at +4.0%/yr point to a modest long tilt.

7 of 10 coins show long liquidation over 24 hours

• On 7 of 10 of today's coins, price and open interest over the last 24 hours read as long liquidation.
• Biggest rise in open interest: INJ +22.3%.
• Biggest fall: POL -2.4%.
• A reading of the last 24 hours, not a forecast.

Most of today's list points to long liquidation, with 7 of 10 coins showing price and open interest falling together over 24 hours. INJ stands out at +22.3% open interest, while POL had the biggest fall at -2.4%.

Last 30 days: 137 of 180 calls reached target

• Over the last 24 hours among today's coins: UNI +6.3%, RENDER -3.3%.
• 8 of 10 finished the day higher.
• BTC trend: up, dominance 59.3%.
• Fear & Greed: 57 (Greed), 69 a day earlier.
• Our calls today: 6 - UNI, ETC, BTC, ETH, JUP, RENDER.
• Closed today: 9 - 2 target hit, 4 stopped, 3 expired.
• Last 30 days: 180 calls closed, 137 reached target, 18 stopped.
• Past results, not a forecast.

The market snapshot was broadly positive: 8 of 10 coins finished higher, BTC trend was up, and dominance stood at 59.3%. Sentiment stayed in Greed at 57 after 69 a day earlier, while today closed 9 calls with 2 target hit, 4 stopped, and 3 expired.

XRP: the whole picture on one chart

• XRP today: RSI 38.1, Bollinger %B -6% (below the lower band).
• It sits at 23% of its 52-week range.
• Retail is 70% long, the largest accounts 69% long (daily readings).
• Five readings of today, not a forecast.

0 of 10 are in the top quarter of their own year

• JUP sits at 60% of its 52-week range, the highest of today's coins; ETC at 16%, the lowest.
• 0 of 10 are in the top quarter of their own year, 3 in the bottom quarter.
• JUP moved -5.7% over the last 7 days, ETC -9.1%.
• Position in a range, not a target.

The group looks weak inside its own 52-week ranges: 0 of 10 are in the top quarter, while 3 are in the bottom quarter. Even JUP, the highest at 60%, was down -5.7% over 7 days; ETC sits at 16% after -9.1%.

UNI had its biggest daily drop since Apr 2

• UNI fell 10.3% in a day, its biggest daily drop since Apr 2.
• RENDER: highest daily volume since Jun 5 (2.0× its 20-day average).

UNI posted its biggest daily drop since Apr 2, while RENDER traded its highest daily volume since Jun 5 at 2.0× its 20-day average. That points to unusually active trading, but the signals are mixed.

1 of 10 finished the day higher

• Over the last 24 hours among today's coins: RENDER +4.9%, AAVE -8.7%.
• 1 of 10 finished the day higher.
• BTC trend: up, dominance 59.2%.
• Fear & Greed: 69 (Greed), 61 a day earlier.
• Our calls today: 6 - BTC, SOL, ETH, DOT, WLFI, ALGO.
• Closed today: 3 - 3 expired.
• Last 30 days: 171 calls closed, 135 reached target, 14 stopped.
• Past results, not a forecast.

Breadth was weak with 1 of 10 higher even as BTC trend stayed up and dominance was 59.2%. Fear & Greed at 69, up from 61 a day earlier, shows sentiment ran hotter while today's coins mostly fell.

BTC has the deepest book with $16.1M within 1%

• Most one-sided book: AAVE, $327K of bids against $188K of asks within 1% of price.
• Deepest overall: BTC, $16.1M within 1%.
• Across these 8 coins: $23.0M of bids, $19.7M of asks.
• Resting orders can be pulled; this is a snapshot.

Across these 8 coins, bids at $23.0M sit above asks at $19.7M. AAVE is the most one-sided book, while BTC stands out for depth with $16.1M resting within 1%.

AAVE: open interest -19.6% over the week

• AAVE: open interest -19.6% and price -6.7% over 7 days.
• Across the list: new money long 1, short covering 2, new money short 2, long liquidation 5.
• A week of positioning, not a forecast.

BTC carries $7.8B of open interest, 51% of the total

• BTC carries $7.8B of open interest on Binance perpetuals, the most of today's coins (51% of the $15.4B total).
• Smallest: ALGO at $14M.
• Size of positioning, not a direction.

Positioning is concentrated in BTC: $7.8B and 51% of the $15.4B total, while ALGO sits at $14M. That shows attention is heavily skewed to BTC, with much smaller positioning in the smallest name.

9 of 10 finished the day higher

• Over the last 24 hours among today's coins: ALGO +8.1%, ATOM -2.0%.
• 9 of 10 finished the day higher.
• BTC trend: up, dominance 59.6%.
• Fear & Greed: 61 (Greed), 64 a day earlier.
• Our calls today: 6 - TAO, BTC, SOL, ARB, JUP, JST.
• No call of ours closed today.
• Last 30 days: 175 calls closed, 137 reached target, 15 stopped.
• Past results, not a forecast.

Breadth was strong with 9 of 10 higher and BTC still up with 59.6% dominance. Fear & Greed stayed elevated at 61 after 64 a day earlier.

7 of 10 coins are in weekly uptrends, 0 are down

• Weekly trend: 7 of 10 up, 3 sideways, 0 down.
• Sideways: XRP, ALGO, ATOM.
• The weekly chart as of now, not a forecast.

The weekly picture is broadly positive: 7 of 10 are up, while 3 are sideways and 0 are down. That points to strength across most of today's list, with XRP, ALGO and ATOM not yet joining the uptrend.

JST has the widest daily vs 4-hour RSI gap today

• JST: daily RSI 62.1, 4-hour RSI 42.6 - the widest gap between the two of today's coins.
• The 4-hour RSI sits below the daily on 9 of 10 coins.
• Two readings of today, not a forecast.

The short term looks cooler than the daily picture on 9 of 10 coins. JST stands out with daily RSI 62.1 and 4-hour RSI 42.6, showing that gap most clearly.