AM edition
issue generated 2026-10-12 06:33 UTC · data as of 2026-10-12 06:32 UTC
135 up · 43 down — 75.8% of markets up 24h
AM edition
issue generated 2026-10-12 06:33 UTC · data as of 2026-10-12 06:32 UTC
135 up · 43 down — 75.8% of markets up 24h
7-day: Layer 2 leads at +5.2%; Memes lags at -9.1%.
Broad-based advance across 135 of 178 coins lifted the median 1.98% as total notional open interest held above $12.5B. Shorts absorbed the only material liquidation burst, $6.1M in BTC, while six coins flipped funding from shorts-pay to longs-pay.
178 markets · $4.24B 24h volume · $12.50B open interest · median 24h +2.0%
Wormhole jumped 64.59% on 8.59-times average volume and hit open-interest cap, while LayerZero added 18.44% amid conference alpha chatter. Infrastructure reached a seven-day high and climbed to sixth in volume rank. Category return of 7.54% outpaced the 1.98% median by a wide margin. Outlier breadth concentrated in two capped names.
Sonic led Layer 1 with a 27.92% jump on volume 9.44 times its seven-day average. The category printed a sixth straight edition higher, yet sits 1.92% below its seven-day close. Breadth stayed positive with 51 coins advancing 3.45% on the day against a 1.98% median. No clear catalyst in the chatter.
Reserve Rights surged 50.78% after an Upbit listing and flipped to extreme negative funding at -2648.78% annualized, shorts now paying longs. The move lifted DeFi to a seven-day high and pushed the category from third to second in 24-hour volume rank. Volume printed 12.03 times the seven-day average. Funding flip and listing drove the outlier session.
Other tokens reversed four straight editions lower, posting a 2.32% gain against the tape median. Pump.fun and USELESS led with 8.30% and 8.63% advances. Category open interest sits at $392M with no funding flips or volume anomalies flagged. No clear catalyst in the chatter.
OI-weighted funding +9.6% annualized at the issue clock — longs paying shorts.
Extremes: ZRO +57% ann (longs pay) · IO +49% ann (longs pay) · AZTEC +31% ann (longs pay) · RSR -2649% ann (shorts pay) · MINA -162% ann (shorts pay) · MET -121% ann (shorts pay)
Aztec extended a seven-edition streak with a 17.06% gain and 3.83-times volume surge, pushing funding to 31.15% annualized. Starknet slipped 2.82% on chatter around a potential independent L1 launch. The category rose 2.63% versus the 1.98% median, holding fourth in volume rank. Outlier price action concentrated in two names.
io.net and Grass paced AI with 24.42% and 21.8% gains on volume multiples of 9.19x. Category funding remains elevated at 11.34% annualized with io.net at the 48.85% extreme. The group climbed 6.12% against a 1.98% median, its second straight edition higher. Outlier session driven by two high-beta names.
Memes pared a six-edition losing streak with a 1.85% gain, lagging the 1.98% median. Cash Cat rose 9.52% on Robinhood retail-flow chatter; kPEPE added 6.28%. Open interest stands at $267M with neutral funding. Reversal session lacked dominant sector narrative.
The Sandbox slid 2.22% as the sole mover, extending a third straight edition lower. Gaming fell 0.21% against a 1.98% median, its eighth consecutive volume-rank finish. Funding sits at -13.47% annualized with open interest near $9.3M. Beta-move session tracked broader tape with no idiosyncratic driver.
7-day confirmed liquidations $181.5M — longs $170.3M, shorts $11.2M (lower bound). Last 24h: $6.1M across 1 burst — largest $6.1M in BTC shorts.
24h return dispersion σ 8.10% across 151 markets.
Widest 7-day gap in Infrastructure: W +91.9% vs NIL -15.5% — 107pp apart.
At open-interest cap: CANTO, FTM, HMSTR, JELLY, LOOM, RLB, VINE, W, 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.