AM edition
issue generated 2026-10-26 06:31 UTC · data as of 2026-10-26 06:30 UTC
37 up · 141 down — 79.2% of markets down 24h
AM edition
issue generated 2026-10-26 06:31 UTC · data as of 2026-10-26 06:30 UTC
37 up · 141 down — 79.2% of markets down 24h
7-day: Memes leads at -2.3%; Layer 2 lags at -10.1%.
Crypto perpetuals opened the session with 141 of 178 coins lower, the median slip at 1.49% and total notional open interest at $10.95B. Breadth narrowed to 20.8% advancing while three funding flips and three volume anomalies punctuated the tape.
342 markets (164 hip-3) · $5.31B 24h volume ($1.47B hip-3) · $14.86B open interest ($3.91B hip-3) · median crypto 24h -1.5%
Other tokens extended their 7-day decline to 2.89%, ending the window at the low of that range for a second straight edition. Pons rose 4.91% while USELESS fell 13.86%, widening dispersion inside the slice. No clear catalyst in the chatter.
Babylon led Layer 1 higher with a 7.69% jump on 5.2× normal volume after its funding regime flipped to shorts paying 281% annualized. The category edged 1.24% lower against the 1.49% median, extending a second straight edition lower while open interest remained capped on six names. No clear catalyst in the chatter.
Renzo and Ethena lifted DeFi 9.07% and 9.00% respectively, offsetting a 10.95% slide in Compound on 4.44× volume. The category pared its 7-day loss to 3.85% and now ranks second by 24-hour volume. Trader chatter supplied the only medium-confidence driver.
AI fell 0.83% over 24h against a 1.49% median move across the tape, extending a 3.56% 7-day slide. Worldcoin (WLD) fell 5.32% on $37.3M of volume, with funding at 14.4% annualized as shorts pay longs. Funding on Worldcoin flipped to shorts pay longs at 14.4% annualized.
OI-weighted funding +5.2% annualized at the issue clock — longs paying shorts.
Extremes: BABY -281% ann (shorts pay) · GRAM -73% ann (shorts pay) · REZ -46% ann (shorts pay)
Memes took the 7-day leadership from AI, trimming their loss to 2.29% while the category index finished a fifth consecutive edition lower. SPX6900 and Pudgy Penguins edged higher, Fartcoin slipped 2.01%. No clear catalyst in the chatter.
Infrastructure funding crossed to shorts paying, the category’s first flip on record, as the slice fell 1.46% for a fifth straight edition. Nillion rose 8.25% and Pyth 3.72%, while a whale withdrawal from Lighter Perp DEX weighed on LayerZero. No clear catalyst in the chatter.
Layer 2 fell 1.33% over 24h against a 1.49% median move across the tape, extending a 10.12% 7-day slide. Starknet (STRK) fell 2.68% on $6.3M of volume, with funding at 10.9% annualized as longs pay shorts.
Gaming finished at its 7-day low for a fifth straight edition, sliding 2.23% on the session with no movers listed. Volume stayed light at $1.29M. No clear catalyst in the chatter.
7-day confirmed liquidations $78.1M — longs $49.2M, shorts $28.9M (lower bound). Last 24h: $0.00 across 0 bursts.
24h return dispersion σ 3.11% across 136 markets.
Widest 7-day gap in DeFi: REZ +36.6% vs MORPHO -17.3% — 54pp 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.