AM edition
issue generated 2026-10-07 06:35 UTC · data as of 2026-10-07 06:34 UTC
18 up · 160 down — 89.9% of markets down 24h
AM edition
issue generated 2026-10-07 06:35 UTC · data as of 2026-10-07 06:34 UTC
18 up · 160 down — 89.9% of markets down 24h
PM edition
issue generated 2026-10-07 18:32 UTC · data as of 2026-10-07 18:31 UTC
9 up · 169 down — 94.9% of markets down 24h
7-day: Gaming leads at +6.1%; Memes lags at -5.3%.
Broad selling swept crypto perpetuals as 161 of 178 coins fell, the median 24h decline reaching 4.24% and long liquidations topping $54.5M. Volume anomalies flared in GRIFFAIN and TRB while five majors flipped to shorts-pay funding.
178 markets · $5.54B 24h volume · $13.11B open interest · median 24h -4.2%
Mina Protocol slid 23.89% on a 5.16× volume surge, the steepest drop inside Layer 1 and the clearest outlier versus the 4.24% median. Polkadot extended its losing streak to a third straight edition lower, flipping to shorts-pay funding at -14.59% annual. Injective and Monero printed modest gains, yet the category still finished 3.64% lower on the session. No clear catalyst in the chatter.
Meteora rose 8.99% and Ether.fi gained 3.86% while Pendle fell 7.66% and Lighter slipped 6.78%, leaving the DeFi group 3.23% lower against the 4.24% median. Funding stayed uniformly positive across the slice. The split between the two movers and the rest of the tape defined the session.
Pons rose 9.02% on token burns and rising platform revenue, while Pump.fun added 2.75% amid a liquidation burst. Ondo slipped 2.87%. The category posted a fifth straight edition lower and closed at its 7-day low. Breadth remained narrow with only two of thirteen coins higher.
Cash Cat extended its slide to a third straight edition lower, falling 11.81% after Hyperliquid perps listing allowed large holders to exit via shorts. Purr dropped 9.64% with thinner chatter. The category finished 5.27% lower on the day, widening its 7-day deficit to 5.29%. No other meme names posted notable volume anomalies.
OI-weighted funding +9.8% annualized at the issue clock — longs paying shorts.
Extremes: SYRUP +59% ann (longs pay) · SAND -537% ann (shorts pay) · MINA -150% ann (shorts pay) · TRX -42% ann (shorts pay)
GRIFFAIN led the AI category with a 21.09% gain on 17.92× volume, while Render added 1.84%. Grass and FET posted 24-hour losses of 7.06% and 6.96%, respectively. The group closed 2.07% lower versus the category median of -4.24%. Volume spikes remained isolated to the two leaders.
Infrastructure fell 2.93% over 24h against a 4.24% median move across the tape, extending a 1.99% 7-day slide. Nillion (NIL) fell 7.80% on $3.1M of volume, with funding at 10.9% annualized as longs pay shorts. Tellor turned over 8.2× its trailing 7-day average volume.
Layer 2 fell 4.37% over 24h against a 4.24% median move across the tape, against a 0.31% 7-day advance. Mantle (MNT) fell 9.83% on $1.7M of volume, with funding at 10.9% annualized as longs pay shorts. A 4th straight edition lower for the category. Mantle turned over 4.5× its trailing 7-day average volume.
Gaming fell 3.41% over 24h against a 4.24% median move across the tape, against a 6.13% 7-day advance. The Sandbox (SAND) rose 15.14% on $3.9M of volume, with funding at 537.1% annualized as shorts pay longs. A 5th straight edition lower for the category.
7-day confirmed liquidations $74.7M — longs $74.2M, shorts $505.1K (lower bound). Last 24h: $54.5M across 12 bursts — largest $24.2M in BTC longs.
24h return dispersion σ 4.51% across 161 markets.
Widest 7-day gap in AI: GRIFFAIN +37.9% vs GRASS -4.6% — 43pp apart.
At open-interest cap: CANTO, FTM, JELLY, LOOM, RLB, VINE, ZEREBRO.
1 market excluded from this issue (unlisted in our registry or missing a week of candles) — excluded means excluded, never zero-filled.
Machine-written from venue data and machine-checked before publish; sections that fail checks are omitted, whole editions are withheld. Perpetual futures are high-risk, leveraged instruments — this is market reporting, not investment advice or a recommendation of any kind.
7-day: Gaming leads at +5.2%; Memes lags at -9.0%.
Hyperliquid perps: 178 markets traded $6.7B in 24h volume against $12.7B of open interest; the median market moved -6.44%. Confirmed liquidations over the window: at least $61.6M across 15 bursts.
178 markets · $6.68B 24h volume · $12.72B open interest · median 24h -6.4%
DeFi fell 5.10% over 24h against a 6.44% median move across the tape, extending a 5.02% 7-day slide. Meteora (MET) rose 30.75% on $6.6M of volume, with funding at 2447.5% annualized as shorts pay longs. A 2nd straight edition lower for the category. Meteora turned over 4.6× its trailing 7-day average volume.
Mina Protocol slid 25.22% on 7.99x volume, the steepest drop inside Layer 1 and the driver of the category's 5.98% decline. The index sits at its 7-day low after four straight editions lower, lagging the tape's 6.44% median. Trader chatter flagged a scheduled price drop now playing out. No clear catalyst in the chatter.
Liquidation bursts in Pump.fun capped a 5.28% category decline against a 6.44% median slip. The group has now fallen six consecutive editions, with rank climbing to second by 24h volume. Breadth remained narrow as only one name posted gains.
Purr fell 18.1% after flipping to shorts-pay at -15.22% funding, anchoring a 8.24% category drop that marks the fourth straight edition lower. The index reached its 7-day low as crowding pressure intensified. Limited specific catalysts appeared on X.
OI-weighted funding +8.7% annualized at the issue clock — longs paying shorts.
Extremes: MET -2448% ann (shorts pay) · HEMI -167% ann (shorts pay) · GRAM -86% ann (shorts pay)
GRIFFAIN dropped 29.44% on 14.39x volume, the widest outlier move inside AI and the driver of an 8.84% category decline. The index has now fallen two consecutive editions, outpacing the tape median. No clear catalyst in the chatter.
Arweave slipped 8.35% as traders rotated out of long-duration storage bets, extending Infrastructure's two-edition decline to 6.25%. The category lagged the 6.44% median while open interest stayed light. Risk-off rotation into more liquid names surfaced in chatter.
Hemi rose 9.44% on 4.81x volume after flipping to shorts-pay at -166.99% funding, the lone gainer inside Layer 2. The category still fell 5.16% over five straight editions lower, narrower than the tape median. No clear catalyst in the chatter.
The Sandbox surged 22.72%, reversing a six-edition skid and lifting Gaming to a 5.31% decline that still trails the tape median. The category retains its 7-day leadership despite the daily pullback. No clear catalyst in the chatter.
7-day confirmed liquidations $81.8M — longs $81.3M, shorts $505.1K (lower bound). Last 24h: $61.6M across 15 bursts — largest $24.2M in BTC longs.
24h return dispersion σ 5.36% across 168 markets.
Widest 7-day gap in Layer 1: ADA +5.0% vs MINA -34.1% — 39pp apart.
At open-interest cap: CANTO, FTM, JELLY, LOOM, RLB, VINE, ZEREBRO.
1 market excluded from this issue (unlisted in our registry or missing a week of candles) — excluded means excluded, never zero-filled.
Machine-written from venue data and machine-checked before publish; sections that fail checks are omitted, whole editions are withheld. Perpetual futures are high-risk, leveraged instruments — this is market reporting, not investment advice or a recommendation of any kind.