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Bitget Bites (October 21, 2022)

Bitget Bites (October 21, 2022)

The global market cap is standing at US$915.94 billion, showing a 0.07% increase from yesterday but the 24-hour volume went down by 1.30% to US$44.19 billion. Our report on activities of the Spot Market and Futures Market are below:


Spot Market Updates

Bitcoin has been trading between US$19,342.81 and US$18,938.46 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$19,053.64, which is a 0.34% increase compared to Ethereum’s 0.80% increase.


Altcoins are showing more red than green, with XRP (-1.34%) being the only altcoin in the Top 10 trading above the volume of US$1 billion.


The highest price and lowest price levels of BGB in the last 24 hours were US$0.22800 and US$0.19550, respectively. US$0.22800 is also our new all-time high.


Bitget Bites (October 21, 2022) image 0


The Top 3 Gainers of The Day are MoonDAO (MOONEY), S.S. Lazio Fan Token (LAZIO), and Lingose (LING):


1st Place

MOONEYUSDT: Up by 12.02%

The ultimate goal of MoonDAO is to decentralise access to space by taking advantage of the DAO governance process. MOONEY is trading at a current market price of US$0.004010, having touched a high of US$0.004010 and a low of US$0.003448 in the past 24 hours.


2nd Place

LAZIOUSDT: Up by 9.23%

S.S. Lazio is a professional sports club based in Rome, Italy. They are widely known for their football team, which currently ranks in the 5th place in the Series A. LAZIO is trading at a current market price of US$4.4802, having touched a high of US$4.6476 and a low of US$3.8587 in the past 24 hours.


3rd Place

LINGUSDT: Up by 8.70%

Lingose is a game ID system that verifies users via their on-chain activities. LING is trading at a current market price of US$0.006569, having touched a high of US$0.006702 and a low of US$0.006078 in the past 24 hours.


Meanwhile, the Top 3 Losers include:TONCOINUSDT (-37.92%), XENUSDT (-13.39%) and XETAUSDT (-10.51%).

Futures Market Updates

Activities on the futures markets are contracting, with the Open Interest (OI) of all cryptocurrencies now recorded at US$5.86 billion, equivalent to a 0.45% 24-hour decrease. The aggregated futures volume, however, saw an increase of 10.98% to US$221.79 billion.


Bitget Bites (October 21, 2022) image 1


Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance accounts for 67% of the total OI, now standing at US$3.92 billion, which is a 0.09% increase from yesterday. The daily volume of Bitcoin contracts decreased by 3.86% to US$175,690.99. The last cycle of funding rate (+0.0100%) demonstrates a neutral signal.


Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, extremely bearish at 28.64%/71.36%. Most BTC long ETFs locked in a price decrease yesterday, but that’s not the case for the highly anticipated ProShares’ BTCUSDT">BTCUSDT">Short Bitcoin Strategy ETF (BITI), which closed the day at US$38.92 from the opening price of US$38.70.


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