According to a report by 10x Research, the crypto market recorded its lowest trading volume since July last week. Bitcoin encountered resistance again near 92,000 USDT, and despite rising expectations of an interest rate cut, the price failed to break through this key resistance level. The report shows that the total market capitalization of cryptocurrencies is approximately $3.1 trillion, up 4% from the previous week, with a weekly average trading volume of $127 billion, 32% lower than the average. Specifically, Bitcoin's weekly trading volume was $59.9 billion, 31% lower than the average; Ethereum's weekly trading volume was $21.1 billion, 43% lower than the average, and its network fee (0.05 Gwei) was in the 5th percentile, reflecting low on-chain activity. In derivatives, Bitcoin futures funding rates rose to 4.3%, in the 20th percentile over the past 12 months, with futures open interest decreasing by $1.1 billion to $29.7 billion; Ethereum funding rates rose to 20.4%, in the 83rd percentile, with open interest increasing by $900 million to $16.2 billion. Currently, open interest in Bitcoin and Ethereum futures accounts for 56% and 72% of their market capitalization, respectively.

According to crypto analyst EmberCN, "Brother Machi's" ETH long positions turned from unrealized profits to unrealized losses and were liquidated during the market downturn. His initial deposit of $1 million had grown to $2.08 million, but due to the morning's decline, his position is now down to only about $360,000.

According to data from Coinglass, as reported by Odaily Planet Daily, approximately $330 million in positions were liquidated across the network in the past hour, including $326 million in long positions and $3.84 million in short positions. The largest single liquidation order was $14.48 million.

the total open interest amounted to $101793213662.95499, with BTC at $50.05 billion, ETH at $28.65 billion, XRP at $4.43 billion, LTC at $2.16 billion, ETC at $1.26 billion, DASH at $1.10 billion, IOTA at $972.64 million, QTUM at $601.10 million, . The data is sourced from the quarterly and perpetual contracts on Bitget,dYdX,Deribit,CME,Hyperliquid,Binance,Coinbase,OKX,Bybit,Gate,HTX,Kraken,Crypto.com,Bitfinex,BitMEX. This report is for informational purposes only and does not constitute investment advice.

According to OnchainLens monitoring, an address deposited approximately $3 million worth of USDC into the decentralized exchange HyperLiquid and opened a 10x leveraged long position in HYPE. This position subsequently expanded significantly, currently valued at approximately $19 million, and is still growing.