to leave a comment.
Hello. This is Derivative Fox. As of May 19, 2026, the cryptocurrency market is generally engulfed in extreme fear. The US 10-year Treasury yield remains high at 4.59%, and the Dollar Index also recorded 119.2825, indicating a continued tightening macro environment. Against this backdrop, the S&P 500 and NASDAQ 100 have slightly declined, and the VIX fear index stands at 26.3, clearly showing market anxiety.
The cryptocurrency market also saw major assets weaken. Bitcoin (BTC) is trading at $76952.0, down -0.62% over 24 hours and -5.94% over 7 days. Ethereum (ETH) saw a slight increase over 24 hours but recorded a -9.04% drop over 7 days. Major altcoins such as XRP, SOL, and DOGE also generally showed a downward trend. The Fear & Greed Index, an investment sentiment indicator, recorded 25, indicating 'Extreme Fear', suggesting increased overall selling pressure in the market.
However, despite this overall downward pressure in the market, a notable upward trend was observed in individual assets within the Binance USDT-M Futures market. This could be due to individual factors or specific supply and demand dynamics rather than the overall market trend. In other words, a cautious approach is required at this time.
RONINUSDT recorded a very high increase of +42.40% over the past 24 hours, drawing significant market attention. The 24-hour trading volume was $184.9M, which exploded on May 18 compared to the daily trading volumes over the previous 7 days (max $1.9M, $1.5M, $1.8M, $984K, $1.2M, $182.8M, $2.2M). This suggests a strong influx of buying pressure or the liquidation of short positions.
Particularly noteworthy is the funding rate, which recorded an extreme negative value of -1.40%. This means that short position holders are paying high costs to long position holders, indicating a high probability that short positions were excessively accumulated in the market. Consequently, it is highly likely that a large-scale forced liquidation of short positions (short squeeze) occurred with the price increase, sharply driving up the price. Daily chart data shows a surge of +46.26% on May 18, and as of May 19, it has slightly decreased by -2.87% but still maintains a high price level. However, the trading volume on May 19 was $2.2M, significantly lower than the $182.8M during the previous day's surge.
BSBUSDT rose by +21.28% over 24 hours. The trading volume was $306.9M, showing an explosive increase for two consecutive days on May 17 ($301.0M) and May 18 ($306.9M) compared to previous daily trading volumes ($33.9M, $23.2M, $19.4M, $39.8M, $301.0M, $306.9M, $37K), similar to RONINUSDT. Open Interest (OI) recorded $27.0M. The funding rate remains at a relatively low positive value of +0.03%, suggesting no clear signs of excessive long position overheating yet.
Daily chart data shows a robust upward trend, with +30.22% on May 17 and +21.37% on May 18. However, as of May 19, price fluctuations are minimal at -0.12%, and trading volume has sharply decreased to $37K. This could indicate entering a consolidation phase after a short-term surge. The increase in price accompanied by increased trading volume suggests a combination of new long position inflows and stop-loss selling from existing short positions.
APRUSDT rose by +19.70% over 24 hours. The 24-hour trading volume was $113.7M, showing an explosive increase on May 18 compared to the previous 7 days' trading volumes ($2.3M, $1.5M, $1.7M, $2.4M, $1.4M, $113.7M, $15K). Open Interest (OI) recorded $57.3M. The funding rate remains low at +0.01%, indicating no excessive accumulation of long position leverage yet.
Daily chart data shows a +19.87% increase on May 18, accompanied by a large trading volume. However, as of May 19, it has decreased by -0.15%, and trading volume has sharply dropped to $15K. This could mean investors have shifted to a wait-and-see approach after the previous day's surge. Given the significant short-term increase, it's a time to consider the possibility of a short-term correction.
DYMUSDT rose by +15.64% over 24 hours. The 24-hour trading volume was $31.9M, showing an increase on May 18 compared to previous daily trading volumes ($58.5M, $20.8M, $10.4M, $8.4M, $5.3M, $31.9M, $5K). Open Interest (OI) recorded a high level of $198.0M among top-performing assets. Despite this, the funding rate remains near neutral at +0.00%.
Daily chart data shows a +15.59% increase on May 18, and as of May 19, it maintains a flat trend at +0.00%. Today's trading volume is very low at $5K. The low funding rate despite high Open Interest could suggest that long positions are not overheated, nor are short positions heavily betting against it. This implies a possibility of a relatively stable trend rather than sharp fluctuations.
OPENUSDT rose by +15.61% over 24 hours. The 24-hour trading volume was $92.3M, showing an increase for two consecutive days on May 17 ($52.7M) and May 18 ($92.3M) compared to previous daily trading volumes ($7.2M, $4.3M, $4.9M, $6.1M, $52.7M, $92.3M, $19K). Open Interest (OI) is $62.0M. The funding rate shows a low positive value of +0.01%.
Daily chart data shows strong gains for two consecutive days, +16.60% on May 17 and +15.50% on May 18. This suggests a potential steady inflow of new buying pressure. However, as of May 19, it has entered a lull, recording a minimal increase of +0.14% and a low trading volume of $19K. The possibility of a short-term correction or sideways movement after consecutive gains cannot be ruled out.
Today's top-performing assets in the Binance USDT-M Futures market showed movements somewhat contrary to the overall market fear sentiment and downward trend. This can be interpreted as being due to specific supply and demand situations or short-term momentum of individual assets. Particularly, assets that surged with extreme negative funding rates, such as RONINUSDT and PLAYUSDT, likely experienced significant short squeeze effects, and such movements are judged to have a relatively high probability of a short-term reversal.
Conversely, assets that showed gains accompanied by increased trading volume and relatively low funding rates, such as BSBUSDT or OPENUSDT, are presumed to have experienced a certain level of new buying inflow. However, the fact that most rising assets are maintaining their prices today (May 19) with significantly reduced trading volumes compared to the previous day suggests that short-term upward momentum may be weakening. In the current market environment, a conservative approach is necessary, such as observing movements after sufficient correction rather than aggressive chase buying, or clearly setting stop-loss levels when entering positions.
Despite the overall market fear sentiment, some altcoin futures assets surged, but this is likely mainly due to short squeezes or short-term supply-demand imbalances. Most of the surging assets are showing signs of weakening upward momentum with sharply decreased trading volumes today, so the possibility of a short-term reversal should be watched.
to leave a comment.
등산초보22
·이걸 진짜 믿으라고? 숏 스퀴즈라니 웃기네.
quiet_shade
·글쎄, 뭐 항상 다 똑같지
Dex_Dash
·와, 진짜 신선한 관점이네.
싱그러운오로라57
·와, 상승 종목 분석 정말 대단하네요!
다온673
·흠, 진짜일까 싶네.