AM edition
issue generated 2026-10-18 06:34 UTC · data as of 2026-10-18 06:33 UTC
12 up · 166 down — 93.3% of markets down 24h
AM edition
issue generated 2026-10-18 06:34 UTC · data as of 2026-10-18 06:33 UTC
12 up · 166 down — 93.3% of markets down 24h
7-day: Layer 1 leads at -8.2%; Gaming lags at -15.6%.
Broad selling swept crypto perpetuals as 166 of 178 coins fell, with the median down 3.46% and total volume at $2.64B. Long liquidations reached at least $31.6M, led by a $11.7M ETH burst.
340 markets (162 hip-3) · $3.49B 24h volume ($844.1M hip-3) · $14.89B open interest ($3.85B hip-3) · median crypto 24h -3.5%
Gaming fell 2.65% over 24h against a 3.46% median move across the tape, extending a 15.56% 7-day slide. The Sandbox (SAND) rose 16.65% on $8.3M of volume, with funding at 1664.0% annualized as shorts pay longs. A 4th straight edition lower for the category. The Sandbox turned over 8.0× its trailing 7-day average volume.
Layer 1 perps extended a fourth straight edition lower, falling 2.89% against the tape median of 3.46%. Celestia led the slide with a 15.05% drop on trader chatter citing it as the first to break down. Funding averaged 6.3% with no flips recorded.
The Other category continued its fourth consecutive decline, slipping 2.46% as Pons fell 11.12%. Volume reached $88.1M with funding at 2.2%. No clear catalyst in the chatter.
DeFi perps saw funding flip to shorts paying on EigenLayer at -23.39% annual, coinciding with a 7.24% price drop. The category slipped 3.21% on $60.5M volume, a modest underperformance versus the 3.46% median.
OI-weighted funding +5.6% annualized at the issue clock — longs paying shorts.
Extremes: SAND -1664% ann (shorts pay) · MON -67% ann (shorts pay) · ALGO -46% ann (shorts pay)
AI perps extended a fourth straight edition lower, falling 3.79% and closing at their 7-day low. Worldcoin slid 6.84% on $20.8M volume. Funding averaged 2.96% with no flips.
Memes fell 3.45% over 24h against a 3.46% median move across the tape, extending a 12.98% 7-day slide. Cash Cat (CASHCAT) fell 9.38% on $4.4M of volume, with funding at 10.9% annualized as longs pay shorts. A 4th straight edition lower for the category.
Layer 2 perps faced liquidation pressure as Starknet dropped 10.62% amid long liquidations, pushing the category down 4.97%. Funding averaged 10.7%.
Infrastructure perps showed an outlier volume spike in AltLayer at 4.39 times its 7-day average, yet the token rose 2.23% while the category fell 4.38%. Nillion slid 10.42%. No clear catalyst in the chatter.
7-day confirmed liquidations $114.3M — longs $105.3M, shorts $9.0M (lower bound). Last 24h: $31.6M across 13 bursts — largest $11.7M in ETH longs.
24h return dispersion σ 3.76% across 135 markets.
Widest 7-day gap in Layer 2: ZK -7.2% vs STRK -43.0% — 36pp 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.