Bitget Bites (September 21, 2022)

The global market cap is standing at US$926.84 billion, showing a 0.42% decrease from yesterday and the 24-hour volume went down by 9.37% to US$67.80 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$18,813.46 and US$19,548.25 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$19,048.18, which is a 1.65% decrease compared to Ethereum’s 1.45% decrease .

There has also been a decrease of (-37.70%) in the volume of our spot market. There has been a decrease in the volume and price of altcoins over the past 24 hours, with few altcoins trading below the volume of US$1 billion, in order of market cap and volume we have XRP (+8.54%), ADA (+1.95%) and BNB (-0.78%)

The highest price and lowest price levels of BGB in the last 24 hours were US$0.1719 and US$0.1655, respectively.

The Top 3 Gainers of The Day are Winlink Token (WIN), Content shopper token (CST) and Lingose Token (LING)

1st Place

WINUSDT: Up by 10.04%

WINkLink is the first decentralized oracle on the TRON network, which aims to integrate the real world with the blockchain space. With a 24-hour trading volume of US$154,546.02, touching a high of US$0.0001203 and a low of US$0.0000975 in the past 24 hours, WIN is trading at a current market price of US$0.0001115.

2nd Place

CSTUSDT: Up by 9.48%

By using a token that is designed to provide contents with. convenience and stability within various platforms, users can pay for a variety of contents or distribute them to the platform. The utility token used within this Content Shopper Platform is called the CST. With a 24-hour trading volume of US$46,577.08, touching a high of US$0.00533 and a low of US$0.00381 in the past 24 hours, CST is trading at a current market price of US$0.004420.

3rd Place

LINGUSDT: Up by 7.80%

Lingose aims to establish a Game ID system based on blockchain data, which provides qualification proof by capturing users’ on-chain behaviour. With a 24-hour trading volume of US$153,616.51, touching a high of US$0.011004 and a low of US$0.009004 in the past 24 hours, LING is trading at a current market price of US$0.010561.

Meanwhile, the Top 3 Losers include: CYCLUBUSDT (-30.45%), APMUSDT (-24.12%), and MMETAUSDT (-14.04%)

Futures Market Updates

Activities on Futures markets are expanding, with the Open Interests (OI) of all cryptocurrencies now recorded at US$4.74 billion, equivalent to a 13.94% increase. However the aggregated futures volume saw a decrease of 8.70% to US$168 billion from yesterday.

Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance remained at 68% of the total OI, now standing at US$3.23 billion, which is a 13.73% increase from yesterday. The daily volume of Bitcoin contracts decreased by 14.10% to US$215,140.60. The last cycle of funding rate (+0.0100%) demonstrates a neutral signal.

Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, bearish at 50.07%/49.93%. Most BTC long ETFs also locked in a price increase yesterday, except for the highly anticipated ProShares’ Short Bitcoin Strategy ETF (BITI), which closed the day at US$39.69 from the opening price of US$39.42.

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