Bitcoin futures open interest hit $53.15 billion this week, up 9.7% over the month. That number alone doesn’t tell you much. What tells you something is this: 65.5% of all liquidations in the same period came from short positions being forced closed, not longs. The rally toward $80,000 wasn’t mostly new money walking in the…

On Wednesday Bitcoin was sitting around $77,300, barely moving. By Thursday morning it was above $81,000 — a nearly 5% move that wiped out $415 million in short positions across crypto derivatives, with $164 million of that gone inside a single four-hour window. Longs lost $7.3 million in the same window. That gap tells you…

On September 1, US spot Bitcoin ETFs recorded $236.46 million in net outflows — one of the larger single-day withdrawals in recent weeks. Bitcoin’s price fell the same day, down about 2% to roughly $76,500, its first slip below $77,000 in over a week. If you stopped reading there, this looks like a straightforward risk-off…

On Sunday, the Cronos network halted after an attacker drained roughly $75 million from Tectonic, the chain’s largest lending protocol. About $6 million made it across a bridge to Ethereum before validators managed to stop the network. Tectonic held around $122 million in total value locked before the exploit happened. This wasn’t a hack in…

Bitcoin has been sitting below $80,000 since the start of this week, and Ethereum, Solana and XRP all pulled back alongside it. If you only read the headlines, this looks like another “risk-off” day. The numbers behind the move tell a more useful story, and it’s one every trader should know how to read. This…