Crypto market brief · 2026-10-30

Solana's order flow turns one sided

Solana's trading has turned unusually one sided. Orders are piling up on one side of the book far more than usual, the kind of flow that leaves market makers quoting against traders who move together.

$SOL reads 0.1554 on VPIN, a gauge of how imbalanced buying and selling volume is. That puts it in the 99th percentile of our readings, the top band we track.

The gauge measures imbalance, not direction. It doesn't say whether the heavy side is buying or selling.

Since 2026, days in this high band saw a median -1.0% BTC move over the next 7d (n=50, base -0.4%, 1y of records). History, not a forecast.

Source: ByKaranteli, https://bykaranteli.com/brief/2026-10-30#2026-10-30-0005-vpin-alert, data as of 2026-10-30 00:05 UTC

US buyers pay less for 55 days running

For a 55th straight day, Bitcoin costs less on Coinbase than across the rest of the market. The Coinbase premium, the gap between Coinbase's $BTC price and the global average, reads -0.271% in the latest reading, flagged as an extreme low in our records.

A negative premium means US buyers on Coinbase are paying less than traders elsewhere for the same coin. The gauge tracks where prices differ between venues, not which way price moves. It describes demand on one exchange rather than a direction for the market.

Source: ByKaranteli, https://bykaranteli.com/brief/2026-10-30#2026-10-30-0740-data-spotlight, data as of 2026-10-30 07:40 UTC

US discount on Bitcoin hits 90 day low

Coinbase marked the deepest US discount on Bitcoin of the past 90 days on Oct 29. American buyers bid $BTC -0.271% under the price on global exchanges, the 55th straight day below the rest of the world in our records.

That gap ran wider than its seven day average of -0.159%, so the latest day stood out even within an already negative run.

Futures leaned the other way. Quarterly contracts held an annualized premium of +5.36% over spot, meaning traders paid more for Bitcoin exposure at a later date than buyers paid on the spot market.

Since 2017, days in this very low band saw a median -0.1% BTC move over the next 7d (n=666, base +0.5%, 9y of records). History, not a forecast.

Source: ByKaranteli, https://bykaranteli.com/brief/2026-10-30#2026-10-30-0720-premium-daily, data as of 2026-10-30 07:20 UTC

Bitcoin ETFs extend buying to four sessions

US spot Bitcoin ETFs closed Oct 29 with a fourth straight session of net buying, though a thin one at $17.1M. The day's largest single fund move was a redemption, with the fund trading under the ticker BTC losing -$15.3M, so the rest of the group covered that and a little more.

The week carries more weight than the day. The five day net reached $302.8M, and day and week point the same way. Bitcoin funds hold $104.27B in net assets.

Ether ETFs did not join in. They lost -$105.5M to redemptions on Oct 29.

Since 2025, days in this mid band saw a median -1.0% BTC move over the next 7d (n=119, base -0.3%, 1y of records). History, not a forecast.

Source: ByKaranteli, https://bykaranteli.com/brief/2026-10-30#2026-10-30-1330-etf-flows, data as of 2026-10-30 13:30 UTC

US traders bid below global price for 55 days

Day 55 of US traders bidding Bitcoin below the global price. The 24 hours to Oct 30 took $BTC down 2.29% to $78,062, and the US discount held through the drop.

The Fear & Greed index reads 30, in fear. Bitcoin's share of the whole crypto market is 59.37%, with total market value at $2.6T.

The sharpest leverage move came in $XRP. Open futures bets fell 13.8% while price slipped 2.6%, the pattern of leveraged longs being forced out. Bitcoin's order flow was more one sided than on 62% of the last 90 days.

Source: ByKaranteli, https://bykaranteli.com/brief/2026-10-30#2026-10-30-0901-daily-brief, data as of 2026-10-30 09:01 UTC

CRV longs just lost $2.1M in 30 minutes

Curve just had a one sided flush. In the last 30 minutes, exchanges closed $2.1M of leveraged $CRV long positions, bets on a higher price that ran out of collateral to cover the move.

Not one short position was liquidated in the same window. Short liquidations came to $0.00 across the major venues, so the entire hit landed on buyers using borrowed money.

The figure comes from the raw liquidation streams of the major venues and is a floor, not every venue in the market.

Source: ByKaranteli, https://bykaranteli.com/brief/2026-10-30#2026-10-30-0207-event-liq-burst, data as of 2026-10-30 02:07 UTC

Ether drop forces out $55.6M of longs

Ether just fell 5.52% in roughly four hours to $2,207, and the damage landed on traders betting on a rise. The last hour alone took -2.93%, and the 24 hour move stands at -6.44%.

Our streams recorded $55.6M of leveraged long positions forced closed in the past 60 minutes, against $656.1K of short positions. That counts only our collectors, so the full market figure is at least this large.

Funding, the fee that flows between longs and shorts, reads -0.005% per interval. Traders betting on a lower price are the ones paying a small fee to keep their positions open.

Source: ByKaranteli, https://bykaranteli.com/brief/2026-10-30#2026-10-30-0031-event-price-shock, data as of 2026-10-30 00:31 UTC

Bitcoin drop forces out $76.2M of longs

Bitcoin just fell 4.24% in roughly four hours to $77,386, and the move hit traders betting on a rise almost exclusively. Half of that slide came in the last hour, at -2.01%.

Our streams recorded $76.2M of leveraged long positions forced closed in the past 60 minutes, against $727.7K of shorts. That is a recorded floor, not the whole market. Over 24 hours $BTC is down 4.83%.

Funding reads about 0% per interval, so neither side is paying much to keep its positions open after the drop.

Source: ByKaranteli, https://bykaranteli.com/brief/2026-10-30#2026-10-30-0022-event-price-shock, data as of 2026-10-30 00:22 UTC

Tron shorts pay heavily into an 8.29% rally

Traders betting on a lower $TRX price just took on a steep bill. On perpetual futures, the periodic fee between the two sides has flipped hard. Shorts are now paying longs -0.24% per interval, against a normal reading of about 0.01% paid the other way.

The price isn't helping them. Tron is up 8.29% over the past 24 hours, so the side paying the fee is also the side losing on the move.

Every interval this rate holds is another payment out of the short side's pockets.

Bitcoin longs take a $32.6M flush

A one sided flush just ran through Bitcoin futures. In 30 minutes, exchanges force closed $32.6M of $BTC long positions, borrowed money bets on a higher price, across the major venues.

The other side barely registered. Short liquidations, meaning automatic closures of bets on a drop, came to $417.0K in the same window.

These totals come from the raw liquidation streams of the major venues, not every exchange, so the full market figure sits at or above them.

Leveraged buyers absorb 98% of the flush

Leveraged buyers just took almost the entire hit. In the last 30 minutes, $60.0M of positions were force closed across 519 coins on the major venues. $58.6M of that was longs, 98% of the total, against $1.4M of shorts.

Bitcoin longs lost $33.1M and Ether longs $11.2M. The two largest single orders landed on Binance at 23:45 UTC: a $7.5M $BTC long at $78.1K and a $4.8M $ETH long at $2.3K.

$BTC trades at $77.8K, -4.35% over 24 hours, with the session low at $77.7K. $ETH is at $2.2K, -5% on the day.

Hourly forced closures swell to $179.5M

The flush is getting bigger. Since our 00:11 UTC alert, the 60 minute tally of positions closed by force across the major venues has gone from $63.0M to $179.5M, spread over 832 coins. $133.7M of it landed in the last 30 minutes.

Almost all of it was traders betting on a rise. Long positions lost $175.8M against $3.7M of shorts. $BTC longs took $76.2M and $ETH longs $41.9M.

The largest single closure was a $9.2M Ether long on Binance at 00:18 UTC. Bitcoin trades at $77.4K, -4.7% over 24 hours, with a session low of $77.1K. Ether is down -5.77%.

Biggest exit of a falling day hit a short

Bitcoin lost -5.33% in the 24 hours to Oct 30 and was last at $76,979, yet the single largest forced exit of the day hit the other side.

That was a short liquidation of $7.8M on Binance, a trader betting on a lower price whose position the exchange closed anyway. Across the day we logged 7,287 recorded prints of $1K or more.

On the chart, the liquidation heatmap behind the candles is an estimate; the prints on the candles are recorded.

OKX closes USDC withdrawals on Solana

OKX has closed USDC withdrawals on its Solana network route. The change showed up in the exchange's own currency list during our daily read.

A trader holding $USDC on OKX who meant to send it to a Solana wallet can't do that through OKX at the moment. Deposits and other networks may still be open.

A withdrawal pause is the earliest public signal a venue gives when something is off, but most of these turn out to be routine maintenance.

Ether longs lose $17.3M to forced closures

Ether longs just took a sharp round of forced closures. Over the last 30 minutes, exchanges shut $17.3M of $ETH long positions across the major venues. These were borrowed money bets on a higher price, closed automatically once the collateral behind them no longer covered the move.

The other side got off lightly. Bets on a lower price lost $2.3M over the same window, so the flush ran overwhelmingly against buyers.

The figures come from the raw liquidation streams of the major venues.

Binance closes Litecoin withdrawals on LTC chain

Withdrawals of $LTC from Binance over the Litecoin network are closed. The change showed up in the exchange's own currency list during our daily read.

Anyone keeping Litecoin on Binance can't send it out on its home chain through the exchange for the moment. Deposits and other networks may still be open.

A paused withdrawal is often the first public signal a venue gives when something is off, though most of these turn out to be routine maintenance.

Kraken just went into maintenance

Maintenance mode at Kraken. The exchange just switched its own status feed to maintenance, and our 5 minute poll picked it up.

Until Kraken reports ok again, new orders, edits and cancels sent there can be rejected. That matters most to anyone holding leveraged positions on the venue, since they may not be able to manage them through Kraken during the window.

No asset or network was named in the notice, so this covers the venue as a whole.

Stock perp buyers forced out of $69.6M

Leveraged buyers carried the losses on Binance's stock and commodity perpetuals on Oct 29. Of $81.31M closed by force, $69.6M came from bets on a higher price and $11.7M from bets on a lower one, an 86% longs / 14% shorts split.

The damage reached 221 contracts across 16,114 recorded events. SNDK led with $13.76M, ahead of SOXL at $8.15M and INTC at $6.80M. The biggest single position wiped out was $979K of silver.

That total ran +151% above Oct 28, when $32.45M was closed out.

Miners add power back after a weak month

A month of shrinking machine power on Bitcoin, and yet the latest week ran the other way. Our node put hashrate, the total computing power securing the chain, at 950 EH/s on Oct 29, with a 7 day change of +3.8% against -10.3% over 30 days.

Difficulty, the bar miners must clear to win a block, stood at 148.36T. Blockspace stayed cheap, with fees at 2.0 sat/vB, and miners took in 452.4 BTC in revenue for the day.

Since 2017, days in this very high band saw a median +0.1% BTC move over the next 7d (n=637, base +0.5%, 8y of records). History, not a forecast.

OKX Bitcoin longs pay 10.95% a year

Leveraged Bitcoin longs on OKX paid 10.95% a year in funding, the fee longs hand to shorts, in the Oct 30 read at 05:25 UTC. Borrowing $BTC itself on margin at the same venue cost just 0.5%.

That 10.45% spread was the widest of the 15 assets across the three venues we track.

Dollar loans were calmer. The median $USDT margin rate was 4% a year, with Bybit the cheapest at 3.92% and Binance the dearest at 5.73%.

Leveraged silver buyers lose $1.6M

Silver perpetual futures just cleared out one side of the book. In the past 30 minutes, the major venues closed $1.6M of leveraged $XAG long positions, which are borrowed money bets on a higher silver price that ran out of collateral.

The opposite bet came through untouched. Short liquidations totalled $0.00 in the same window, so every dollar of forced selling came from buyers.

The figures come from the raw liquidation streams of the major venues and count only what those exchanges reported.

Bitcoin put buyers outspent call buyers

Bitcoin options buyers spent more on protection than on upside in the 24 hours to Oct 30. Takers bought $24.6M of $BTC puts, contracts that pay if the price falls, against $12.8M of calls.

Block trades, deals negotiated off the order book and then reported to the venue, carried 53% of all recorded premium across 36,320 trades.

The largest single trade of the past 48 hours was a sale. A taker sold a $70,000 call expiring Oct 30 for $2.6M in premium, as a block. The next two blocks bought calls much further out, a $80,000 strike for Sep 24, 2027 at $2.2M and a $95,000 strike for Mar 26, 2027 at $1.6M.

The liquidation heatmap moves to your phone

The liquidation heatmap, markets, your watchlist and alert rules with push notifications are now on your phone. The ByKaranteli Android app is live on Google Play, in English, Chinese, Russian and Korean.

It runs on the same recorded data as the site, from our own collection network: liquidations, funding, open interest, options and the desk's readings. Set a rule once and the alert reaches you without the site open.

The app is free, with no payment inside it. Sign in with your ByKaranteli account, and members see the same member depth on the phone as on the site.

Exchange insurance funds give up $57.9M

Exchange insurance funds shrank by -$57.9M in the 24 hours to Oct 30, a -0.76% move that leaves the 10 venues we track holding $7.56B. Over seven days the total is -1.29%.

OKX and Bybit led the drop. OKX, still the largest fund at $2.93B, changed -1.45%, and Bybit, at $1.13B, changed -1.54%. Gate moved -1.19%. Binance added +0.22% and MEXC +0.06%.

The biggest swing belonged to Paradex at +1.84%. Together the funds equal 16.53% of perpetual open interest on the coins we track. An insurance fund is the cash an exchange keeps to cover liquidations that close below a trader's bankruptcy price, and these are balances the venues report, not audits.

21 dated futures settled in 24 hours

21 dated futures contracts settled in the 24 hours to 09:15 UTC on Oct 30. OKX closed two $BTC contracts at 08:00 UTC, one settled in dollars and one in Bitcoin, and Deribit's USDC margined $AVAX future settled at $8.53.

A dated future has a fixed end date, and every position still open on it closes at the settlement price.

The calendar stays busy. 160 dated futures expire across 15 venues over the next 7 days, alongside 8,071 option contracts. Coinbase delivery contracts on ADA, AVAX and BCH are next in line, dated Oct 30.

Sellers thinned out faster than buyers

Both sides of the $BTC spot book got thinner as price fell 3.2% in the 24 hours to 09:35 UTC on Oct 30, from $80.2K to $77.6K. Asks within 2% of mid shrank 23% against a day earlier and bids shrank 13.3%. That leaves buyers outweighing sellers by 24.7% across 21 spot venues.

The heaviest sell order sits almost on top of price, $27.4M at $77.6K, just 0.05% above mid. The biggest bid is much further away, $35.8M at $73.0K, 5.95% below.

Resting orders can be pulled at any moment. This is a snapshot of where size sat this morning, not a map of where price goes.

Big sellers edge out buyers in whale flow

Big sellers carried a modest edge in the 24 hours to 10:00 UTC on Oct 30. Whale sized sells totalled $18.52B against $16.43B of buys.

That leaves buyers with 47% of the whale money. It is a lean, but it stays inside the 45% to 55% band we treat as two sided, so neither side controlled the day.

The flow came through 19,853 large trades. Bitcoin drew the most whale money, with 11,334 of those trades, and it also took the single largest one at $33.5M.

Modeled long liquidations bunch under Bitcoin

Leveraged buyers in Bitcoin have their estimated liquidation levels bunched just under the price. With $BTC at $77,769 at 11:00 UTC on Oct 30, the nearest modeled long level is $76,685 and the largest long cluster sits close behind it at $76,402.

Short sellers' modeled levels start at $78,754, but their largest cluster sits further away at $80,071. That is where shorts would be forced to buy back if price reached it.

Within 3% of the price, modeled exposure is balanced between the two sides.

XRP open interest shrinks 15.58% in a day

XRP led a broad drain of futures leverage in the 24 hours to Oct 30, 11:35 UTC. Its open interest, the value of futures positions still open, fell 15.58% against a 3.5% price drop, so the shrink ran well past the price move.

Dogecoin followed at -13.12% on a -3.71% day, then Litecoin at -12.23%, Solana at -12.06% and Cardano at -11.66%. Ether's open interest gave up -5.76% with its price at -3.86%.

Binance Coin was the exception in label only. It fell the most on price, -5.46%, and its board reading stayed quiet at -5.61% open interest.

16 new perpetual contracts went live

A busy listing day. 16 new perpetual contracts appeared in the 24 hours to 12:30 UTC on Oct 30, and the name at the top of the list, GILD, trades on OKX alone. Our collectors first saw it at 09:52 UTC.

PFE was the earliest of the batch to show up, at 04:52 UTC, on OKX and HTX. BIDU arrived on Gate.io and OKX at 08:52 UTC.

Gate.io and Bybit both added EWZS and SMR. Gate.io also has FTNT and ITUB to itself, and BKNG trades only on Bybit.

Oversold coins outnumber overbought ones

More coins are stretched to the downside than the upside. On the 4 hour RSI, a gauge of how hard recent moves have leaned one way, 55 coins read oversold and only 15 read overbought, out of 628 we track.

The average RSI across that whole group comes in at 42.21, below the midpoint of the scale. Recent candles across the market have leaned more toward selling than buying.

RSI measures how one sided recent price moves have been, not where price goes next. Oversold coins can stay oversold.

Bitcoin and Ether trade below their value area

Bitcoin and Ether both trade below the zone where most of yesterday's perpetual trading time was spent. $BTC is at $77,291.20 ahead of the US open, under a value area that ran from $79,601.41 to $81,593.48 around a most traded price of $80,109.59.

$ETH trades at $2,229.28, below its value area of $2,294.88 to $2,371.53, with its most traded price at $2,321.41.

The value area holds 70% of the session's time at price. Both coins closed Oct 29 under their most traded price, Bitcoin by -2.68% and Ether by -2.98%.

Ether longs carry more modeled risk near price

On Oct 30 at 13:00 UTC, Ether's estimated liquidation map tilts toward traders betting on a rise. Within 3% of the $2,234 price, more modeled exposure sits below price, on long positions, than above it on shorts.

The closest modeled long level is $2,220, where leveraged buyers would start being forced out. A larger modeled long cluster sits further down at $2,156.

Above price, the nearest modeled short level is $2,260, and the largest short cluster is at $2,301. Those are where traders betting on a fall would be forced to buy back. All levels are estimates built from open interest and leverage, not recorded liquidations.

Chainlink's book charges the most to trade

On Oct 30, pushing $1.0M through Chainlink at market cost far more than the same order in Bitcoin. Walking the live $LINK book at 14:00 UTC, the estimated gap between the quoted price and the average fill came to 31.5 bps, the steepest of the eight books we track. $ADA followed at 26.6 bps.

At the deep end, $BTC absorbed the same modeled order for 0.8 bps and Ether for 1.1 bps, with Solana at 3.1 bps.

Forced closures go through as market orders. In a book as thin as Chainlink's, each one moves the price further per dollar than in Bitcoin's, whichever side gets hit.

Buyers outweigh sellers near Bitcoin's price

Bitcoin's order books lean toward buyers within 2% of price, yet the single biggest buy wall sits 5.15% lower. Across 21 spot venues at 13:55 UTC on Oct 30, bids within 2% of $76,855 came to $213.8M against $101.9M of asks, a 35.4% tilt to the buy side.

The largest sell wall, $26.1M, rested at $76,893, just 0.05% above price. The largest buy wall, $36.2M, was down at $72,897.

Ether's book was closer to even, with a 7.2% lean to bids and walls of $12.3M at $2,217 and $10.6M at $2,224. Resting orders can be pulled before they ever fill.

SNDK buyers pile in and pay for it

$SNDK stood out in the 24 hours to 15:00 UTC on Oct 30. Open bets on it grew 16.78%, and buyers pay 0.05% in funding, the fee longs hand shorts to keep positions open. New money arriving on the side that is already paying is what crowding looks like.

The pressure elsewhere runs the other way. On $LSK, sellers pay 0.61% to keep their bets open, yet open positions shrank 4.63%. Shorts are paying up there without fresh money joining them.

On $WLD, open bets fell 12.71% with funding near flat at -0.02%. Leverage left that market rather than piled in.

Lira buyers got Bitcoin cheapest on Binance TR

Binance TR was the cheapest place in Turkey to buy Bitcoin with lira on Oct 30, at -113.4 bps against the global price. BtcTurk was the dearest at -7.3 bps, so no tracked Turkish exchange paid above the world.

The Turkey Premium Index came to -0.14% (-14.3 bps), a score of 44 / 100 in the neutral regime. The 24 hour average was -40.6 bps.

Most of the gap came from the dollar side. Tether traded -9.9 bps under the official USD/TRY rate, and the crypto leg added -4.4 bps. This is a price gap across venues, not a trade anyone can lock in.

Offers on Ether's books thinned by 27.2%

Ether fell 5.9% in the 24 hours to 15:35 UTC on Oct 30, and the sell side of its spot books thinned far faster than the buy side. Offers resting within 2% of the price shrank 27.2% over that day. Bids in the same range shrank 7.8%.

Across 21 spot venues that leaves $74.05M in bids against $70.40M in offers, a 2.5% lean toward buyers. The largest bid wall holds $15.87M just 0.05% below the price. The largest offer wall holds $13.23M 0.15% above it, near $2.2K.

This is a snapshot of resting orders, and any of them can be pulled at any time.

Long crowd meets 17,440 BTC of net selling

Most Bitcoin accounts on Binance are betting on a rise, but the selling won the last 24 hours. As of 16:54 UTC on Oct 30, the crowd held 2.64 long accounts for every short, and OKX read 2.75.

Market sell orders outweighed market buys by 17,440 BTC over the day. The hourly buy to sell ratio read 0.91, so sellers still had the edge in the latest hour.

Size tells a different story than headcount. Binance top traders read 2.8 by account but only 1.69 by position size. Among the 30 coins we track, $SOL has the most lopsided crowd, with 3.21 accounts long for every short.

Paradex insurance fund drops -5.92% in a day

Paradex's insurance fund changed by -5.92% over the past 24 hours, a move of -$23K that leaves the fund at $362K.

An insurance fund is the pool an exchange keeps to absorb losses when a liquidated position closes at a worse price than the trader's margin can cover. It protects the traders on the other side of those trades from picking up the shortfall.

The figure is a single 24 hour reading on one venue, measured as the change in the fund's balance. It shows how much of that cushion was drawn down, not which way the market is leaning.

Altcoin index loses 6 points in a week

Six points came off the Altcoin Season Index in a week, leaving it at 68 on Oct 30. That is short of the 75 line where altseason begins, so the market reads as no clear season.

$BTC returned 23.6% over the past 90 days, and 34 of the 50 altcoins we sample did better than that.

The gap inside the group is wide. BTW leads with a 13x return over 90 days, and BEAT sits at the bottom with -97.7%.

Crypto mood drops 21 points into fear

Crypto sentiment gave up 21 points in the 24 hours to 19:00 UTC on Oct 30. The Fear and Greed index, a score of how nervous or bold traders feel, reads 30 and sits in fear.

The dollar tokens that traders hold on crypto rails moved -0.3% over the same window, leaving $300.50B of stablecoins in circulation.

Bitcoin accounts for 59.18% of the total crypto market's value, so most of the money in this market still sits in $BTC.

Bitcoin holds 59.1% of crypto's value

Ether held 10.43% of all crypto market value on Oct 30, a small slice next to Bitcoin's 59.1%. The whole market was worth $2.60T at 19:42 UTC.

For anyone holding altcoins, that split matters. Ether and every other coin together hold the smaller part of the money in crypto, and $BTC alone carries the larger part.

This reading comes without a 24 hour comparison. On its own, it can't show whether money is moving toward Bitcoin or away from it toward other coins.

AI led every theme basket lower

AI tokens took the hardest hit of any theme in the 24 hours to Oct 30, down 11.03%. The best showing came from Quantum, and even that basket lost 6.01%. All eight baskets we track closed lower.

Over 30 days, $BTC returned -6.8%, and none of the baskets matched it. Layer 2 came closest at -13.5%, 6.7 percentage points behind. DeFi had the worst month at -23.5%, 16.7 points behind Bitcoin.

Each basket is an equal weight group of Binance spot pairs, so its smallest token counts as much as its largest.

Palantir token trades above the real share

Onchain buyers of PLTRon, the Ethereum wrapper of Palantir, paid a +1.63% premium to the listed share on Oct 30, the widest premium across tokenized stocks that day.

The middle of the market leaned the other way. The median wrapper traded at -0.21% to its real share, and PENG on Robinhood Chain carried the deepest discount at -1.59%.

Tokenized stock supply stood at $3.84B at share prices, +0.57% since the last recorded day. DEX volume over 24 hours came to $321.8M, -6.29% against the prior reading, and Binance bStocks remains the largest issuer at $1.31B.

Longs took $620.2M of forced closures

Bets on a higher price took $620.2M of the $756.2M in forced closures we recorded in the 24 hours to Oct 30, over 149,560 events. $BTC carried the most at $262.3M, and the largest single hit, $11.4M, was a Bitcoin position too.

Open futures bets grew anyway. Across 27 venues they reached $71.29B, up 1.44% on a day earlier, with 15.18% held on decentralized exchanges.

Among the largest Hyperliquid accounts by equity, the 272 with open positions hold 42% of their dollars long. The biggest resting buy wall on $BTC spot books is $37.6M at $72.9K, 5.15% below mid.

Shorts use 64.5% of their Jupiter capacity

Bets on a lower price are the minority on Jupiter Perps, $17.3M against $81.2M in longs. Even so, they're using far more of their capacity. Short utilisation, meaning the share of pool money set aside for that side that is already borrowed, reads 64.48% on SOL, ETH and BTC alike.

The long side runs much lighter, at 13.31% on SOL, 21.67% on BTC and 6.37% on ETH. Longs still hold 82.5% of open positions, and $SOL longs alone account for $52.4M.

The JLP pool backing these trades holds $814.0M and pays a 6.09% APR. On Oct 30, $SOL traded at $95.52, down 1.75% over 24 hours, and $BTC was at $76.8K, down 2.63%.

GM Trade carries 41.5% of Solana perp bets

GM Trade carries 41.5% of all open Solana perp positions, $93.2M of the $224.5M spread across six venues on Oct 30. Pacifica follows at $54.7M and Jupiter Perps at $49.2M, with Phoenix at $23.3M.

The largest single market is $SOL itself on Jupiter Perps, with $32.1M of open positions. Traders there pay a borrow fee of +0.0016% per hour, the cost of keeping a position open on that venue.

Across 290 markets, the board traded $1.97B in the 24 hours to the Oct 30 reading.