AM edition
issue generated 2026-10-08 06:31 UTC · data as of 2026-10-08 06:30 UTC
29 up · 149 down — 83.7% of markets down 24h
AM edition
issue generated 2026-10-08 06:31 UTC · data as of 2026-10-08 06:30 UTC
29 up · 149 down — 83.7% of markets down 24h
PM edition
issue generated 2026-10-08 18:35 UTC · data as of 2026-10-08 18:34 UTC
16 up · 162 down — 91.0% of markets down 24h
7-day: Gaming leads at +2.2%; Memes lags at -10.4%.
Broad selling dominated crypto perpetuals as 149 of 178 coins closed lower, the median down 2.24% on $6.02B turnover. Long liquidations reached at least $7.54M, led by a $3.96M ETH burst.
178 markets · $6.02B 24h volume · $12.52B open interest · median 24h -2.2%
Meteora surged 49.96% on 11.7× average volume as funding flipped to a -606.45% annualized short-pay extreme. The outlier move lifted DeFi’s category index to a 0.62% gain, the only positive sector on the day. Jupiter followed with a 12.39% advance while ENA and SKY lagged. No clear catalyst in the chatter.
MINA Protocol slid 12.05% on 4× average volume while funding turned to a -244.22% annualized short-pay extreme. The move extended Layer 1’s fifth straight edition lower and left the category at its 7-day low. NEAR and TIA posted modest gains, yet the breadth split failed to lift the index above the tape median. No clear catalyst in the chatter.
Other tokens extended their seventh consecutive decline, falling 1.54% against a 2.24% median slip. PUMP and USELESS paced the downside while PONS edged higher on thin volume. Funding remained uniformly positive at 10.95%. No clear catalyst in the chatter.
Memes extended their fifth straight edition lower, sliding 2.75% as PURR and CASHCAT each dropped more than 9.82%. The category’s 7-day loss widened to 10.44% with no funding flips or volume anomalies. No clear catalyst in the chatter.
OI-weighted funding +9.6% annualized at the issue clock — longs paying shorts.
Extremes: MET -606% ann (shorts pay) · MINA -244% ann (shorts pay) · HEMI -45% ann (shorts pay)
GRIFFAIN fell 30.86% on 6.51× average volume while the AI category posted a 5.78% decline and touched its 7-day low. Grass fell 8.04%. Trader chatter notes crowded positioning and a liquidation cascade in the smaller names.
Wormhole jumped 25.45% on 5.35× average volume, cited by traders as a top Binance spot gainer. The move reversed three straight lower prints and lifted the Infrastructure index to a 0.88% decline that still beat the tape median. Nillion and Chainlink lagged. No clear catalyst in the chatter.
Hemi rose 15.26% on 10.46× average volume as funding flipped to a -45.15% annualized short-pay extreme, viewed by traders as a potential short-squeeze setup. The outlier gain pared Layer 2’s sixth consecutive decline but left the category at its 7-day low. Stacks and Starknet extended losses. No clear catalyst in the chatter.
Gaming fell 2.24% over 24h against a 2.24% median move across the tape, against a 2.25% 7-day advance. Fusionist (ACE) fell 3.85% on $1.1M of volume, with funding at 10.9% annualized as longs pay shorts. A 7th straight edition lower for the category. Fusionist turned over 3.4× its trailing 7-day average volume.
7-day confirmed liquidations $74.9M — longs $74.4M, shorts $505.1K (lower bound). Last 24h: $7.5M across 4 bursts — largest $4.0M in ETH longs.
24h return dispersion σ 6.40% across 157 markets.
Widest 7-day gap in Gaming: SAND +68.5% vs ACE +2.4% — 66pp 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 -3.2%; Memes lags at -15.2%.
Broad selling gripped crypto perpetuals as 162 of 178 coins fell, the median down 5.08% on $9.01B turnover and $108.7M in long liquidations, the largest single burst $50.1M in ETH.
178 markets · $9.01B 24h volume · $11.69B open interest · median 24h -5.1%
Layer 2 futures diverged from the median, the category down 3.57% on a seventh straight edition lower. Starknet jumped 18.96% on 5.94-times volume. Hemi fell 9.89% on 4.05-times volume. No clear catalyst in the chatter.
Layer 1 futures extended a sixth straight edition lower, the category index ending at its 7-day low against a 5.08% median slip. Algorand posted an 8.26-times volume spike while NEAR open interest declined. MINA slid 16.4% amid high futures volume and negative funding. No clear catalyst in the chatter.
The Other bucket extended an eighth consecutive decline, the category index closing at its 7-day low. Pons dropped 13.51% after an Upbit listing. Pump.fun fell 11.95% on $360.5M turnover. No clear catalyst in the chatter.
DeFi futures diverged from the broader tape, the category down 3.84% versus the 5.08% median. Jupiter jumped 8.11% on 3.52-times volume after Jupiter Lend overtook Kamino as Solana’s largest lending protocol by TVL. Ethena slid 9.14% amid reported team sales and outflows at July levels.
OI-weighted funding +7.5% annualized at the issue clock — longs paying shorts.
Extremes: GRIFFAIN +54% ann (longs pay) · VVV +52% ann (longs pay) · MET -119% ann (shorts pay) · SAND -86% ann (shorts pay) · kPEPE -56% ann (shorts pay)
AI tokens lagged the median, the category down 7.31% on a fourth straight edition lower. Venice fell 11.89% with funding at 52.49% longs-pay and 3.41-times volume. Render dropped 11.25%. No clear catalyst in the chatter.
Memecoins extended a sixth straight edition lower, the category index closing at its 7-day low. Cash Cat slid 12.14% on post-summit volume dry-up and airdrop claims. dogwifhat fell 10.56%. No clear catalyst in the chatter.
Infrastructure futures diverged from the median, the category down 3.66%. Wormhole rose 7.32% on 9.75-times volume and Pyth Network gained 10.96% on 9.5-times volume. Chainlink fell 7.12%. No clear catalyst in the chatter.
Gaming futures reversed funding regime, the category flipping from longs-pay to shorts-pay with The Sandbox funding at -85.8%. The Sandbox slid 17.19% while Fusionist rose 3.37% after its own funding flip to longs-pay. The category index ended at its 7-day low on an eighth straight edition lower.
7-day confirmed liquidations $183.1M — longs $182.6M, shorts $505.1K (lower bound). Last 24h: $108.7M across 10 bursts — largest $50.1M in ETH longs.
24h return dispersion σ 4.66% across 166 markets.
Widest 7-day gap in DeFi: MET +45.0% vs UNI -21.1% — 66pp 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.