Bitcoin $BTC$80,993.31 is trading around $81,060 on Friday morning, easing 0.22% since midnight UTC after clearing $81,309 overnight, the level that had capped the rally through late August.
The move higher is broad rather than selective. Ether ETH$2,523.75 added 4.52% over the past 24 hours, $XRP 5.58% and solana (SOL) 3.04%, with $318.6 million in liquidations across the market according to Coinalyze.
Privacy coins have run hardest. Zcash ($ZEC) gained 16.55% over 24 hours, monero (XMR) 5.89% and dash $DASH$51.19 19.24%, without an obvious catalyst behind any of them.
Gold is up 0.17% to $4,480 and silver 0.25% to $67.11, while the dollar index is flat at 99.063 and Nasdaq 100 futures have added 0.42%.
Derivatives positioning
- Futures taker ratio turns bullish: The long-short taker volume ratio for futures now stands at 51.4% to 48.5%, essentially bullish, which makes sense given bitcoin’s price has topped $80,000 convincingly. Takers are those who trade at prices already available in the order book, sucking out liquidity.
- Dash leads with rising price and open interest: $DASH is the best performer of the past 24 hours, up about 25% and trading at $53.10, with open interest up roughly 20% as well. Rising open interest alongside a rising price confirms the uptrend and a build-up of long positions. $DASH also carries positive funding rates and a positive normalized cumulative volume delta (CVD) over the past 24 hours, both painting a bullish picture. Funding rates remain around just 10%, meaning there’s no overheating.
- Zcash mirrors dash’s bullish setup: Zcash ($ZEC), the privacy sector leader, is the second best performer of the past 24 hours. Its open interest, CVD, and perpetual futures all display similar bullish dynamics to $DASH, again with no signs of overheating.
- Tron funding rates deepen into negative territory: $TRX’s annualized perpetual funding rates have fallen to -59%, negative for most of the week apart from yesterday’s brief moderation to around -20%. Today’s print has deepened further, a sign shorts are crowding into the market and getting overcrowded on the bearish side, with traders inclined to hold their bets regardless of cost. That makes $TRX worth watching.
- Bitcoin futures see mild inflows: Open interest in $BTC futures stands at around 709K $BTC versus 687K $BTC 24 hours ago. The level itself isn’t new, since open interest has hovered around 700K for some time, but the slight increase alongside price breaking above $80,000 suggests fresh capital inflows, most of it chasing upside given positive funding rates and a positive OI-adjusted 24-hour CVD.
- Ether follows, solana and $XRP lag: Ether futures show a similar slight increase in open interest. Solana’s open interest, however, hasn’t picked up over the past 24 to 48 hours, surprising given the token’s price has broken above $100. $XRP shows the same pattern, with no excitement yet in futures open interest.
- Volatility gauges point to calm: $BTC’s 30-day implied volatility index (BVIV) remains near 40%, having reversed from a pop to 50% in August, pointing to market calm. That’s consistent with Wall Street, where the VIX is hovering near 14%, its lowest since January. Low fear in the market supports continued bullish action, and ether’s volatility index suggests the same.
- Options market leans toward calls: Ether straddles crossed the tape on OTC desk Paradigm. A straddle is an options strategy betting on the degree of price volatility rather than direction. Bitcoin’s 24-hour volume rankings are dominated by call options, led by the $80,000 call expiring Sept. 25, with activity concentrated in strikes between $85,000 and $95,000. Ether shows the same pattern, with the most traded bet being the $2,800 call expiring Sept. 18.
Token talk
- Pons extended a run that now stands at 379.33% over seven days, climbing 31.50% over 24 hours to $0.6607 on $151 million of volume. The Robinhood Chain launchpad has added more than $100 million in market cap this week alone.
- Zcash pushed to around $967, up 16.55% over 24 hours and 22.21% on the week. Open interest jumped 38.72% while funding turned negative at -0.0118%, meaning shorts are paying to hold positions as the price climbs.
- Dash rose 19.24% over 24 hours to $50.66 and 6.91% since midnight, taking its weekly gain to 30.52% on $204 million of volume.
- Monero climbed 5.89% to $544 and 3.82% since midnight, extending a steady advance that has now delivered 16.03% over seven days with almost no interruption.
- Uniswap continued its recovery, up 9.84% over 24 hours to $6.34 and 36.94% on the week, reversing Thursday’s sharp unwind.
Crypto Markets Today Related Assets Dash$51.1919.99% Bitcoin$80,993.314.22% Ethereum$2,523.915.32%
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