to leave a comment.
Hello, this is Derivatives Fox. As of September 19, 2026, the cryptocurrency market is showing an overall bullish trend with Bitcoin (BTC) breaking above $80,000. Although the US 10-year Treasury yield remains high at 4.94%, macroeconomic indicators are sending somewhat mixed signals, with the Dollar Index (DXY) recording 118.2126. However, the S&P 500 and NASDAQ 100 in the US stock market closed with slight gains, suggesting that risk asset preference has not been completely dampened. The total market capitalization of the crypto market stands at $277.85 billion, maintaining a solid trend, while Bitcoin dominance remains at 58.35%, holding the market's center.
Particularly noteworthy is that Bitcoin rose 5.94% over the past 24 hours, reaching $80,906.0, and Ethereum (ETH) also increased by 6.74% to $2,611.37, leading the synchronous rise of major altcoins. The Fear & Greed Index, which indicates investor sentiment, significantly rose from 56 (Greed) yesterday to 71 (Greed), showing an intensification of the market's greed phase. Against this backdrop, several altcoins recorded notable increases in the Binance USDT-M futures market. From now on, I will closely analyze the position structures of these assets.
AKEUSDT recorded an explosive surge of 118.01% over the past 24 hours, drawing significant market attention. The current price is $0.04641, with a 24-hour trading volume of $399.7M and Open Interest (OI) reaching $1.3B. The funding rate is 0.03%, a positive value, indicating active inflow of new long positions.
Examining the 7-day daily data, AKEUSDT showed a 69.97% rise on September 15, followed by a sharp 117.89% increase on September 18. During this period, trading volumes also recorded $475.1M and $399.4M respectively, confirming strong buying pressure for the upward trend. However, today (September 19) shows a minimal decline of -0.19% with an extremely low trading volume of $391K. This suggests a short-term pause or profit-taking pressure after a massive rally.
In conclusion, AKEUSDT has shown a sustained upward trend with strong new long inflows, but the rapid increase in a short period suggests a possibility of overheating. The risk of new entry at this point is considered high. The probability of trend continuation is 50%, while the possibility of a short-term retracement is also 50%, evenly balanced. The key variable to watch is the price movement with low trading volume after the sharp rise.
FUSDT rose 60.30% over the past 24 hours, recording a high increase following AKEUSDT. The current price is $0.005136, Open Interest is $844.1M, and 24-hour trading volume is $132.4M. An interesting point is that the funding rate is -0.89%, a very low negative value.
Looking at the daily data, a sharp rise of 60.61% on September 18 was accompanied by a trading volume of $131.3M. A negative funding rate suggests that short positions are dominant over long positions, or it could be a surge caused by a short squeeze. That is, despite the sharp price increase, short position holders might be maintaining their positions expecting further declines, or the price surge could be due to liquidation processes. Today (September 19) shows a slight decrease of -0.06% with a low trading volume of $1.0M.
In the case of FUSDT, despite the price increase and rising open interest, the extremely negative funding rate is a point to watch carefully. This increases the possibility that it is a temporary rebound due to forced liquidation of short positions, and a quick retracement could occur if subsequent buying power is insufficient. The risk of new entry at this point is assessed as moderate to high. The probability of trend continuation is 40%, while the possibility of a short-term retracement is slightly more weighted at 60%. The key variables to watch are the persistence of the negative funding rate and additional long inflows.
GUSDT rose 55.82% over 24 hours, reaching $0.007526. Open Interest is $2.0B, the highest among the analyzed assets, and the 24-hour trading volume is also substantial at $709.9M. The funding rate is 0.04%, showing a positive value.
On the daily chart, a sharp rise of 55.88% on September 18 was accompanied by a large trading volume of $709.6M. Previously, it also showed consistent buying pressure with increases of 11.68% on September 15 and 12.56% on September 17. This is a typical pattern indicating active inflow of new long positions. However, today (September 19) recorded a -0.07% decline with an extremely low trading volume of $352K, suggesting short-term peak pressure.
GUSDT's high open interest and funding rate indicate strong buying pressure and an overcrowded long position simultaneously. While it has led to short-term price increases, excessive long positions can be vulnerable to changes in market conditions. The risk of new entry at this point is considered high. The probability of trend continuation is 55%, while the possibility of a short-term retracement is 45%, but caution against overheating cannot be relaxed. The key variable to watch is the risk of long position liquidations due to the large open interest.
STRKUSDT rose 53.70% over 24 hours, reaching $0.04451. Open Interest recorded $332.9M, and 24-hour trading volume was $144.9M. The funding rate maintained a slightly positive value of 0.01%.
Looking at the daily data, there was a significant increase of 52.83% on September 18, and trading volume also increased to $144.8M. Today (September 19), it rose slightly by 0.54%, but trading volume dropped to an extremely low $116K. This suggests that short-term buying pressure has weakened, or the market has entered a wait-and-see mode after significant volatility.
STRKUSDT did not experience explosive continuous increases like AKEUSDT or GUSDT, but it showed a synchronous surge after a solid upward trend. While there were new long inflows due to increased open interest and trading volume, the funding rate is not very high, suggesting it might not yet be in an extreme overheating phase. The risk of new entry at this point is considered moderate. The probability of trend continuation is 60%, while the possibility of a short-term retracement is 40%. The key variable to watch is whether the decrease in trading volume continues after the surge.
ARUSDT rose 37.24% over 24 hours, reaching $3.641. Open Interest is $2.1M, the lowest among the top assets, with a 24-hour trading volume of $49.1M and a funding rate of 0.01%.
On the daily data, a sharp rise of 37.58% on September 18 was accompanied by a trading volume of $49.1M. Today (September 19) shows a -0.14% decline with a very low trading volume of $57K.
ARUSDT's open interest is significantly smaller compared to other top-ranking assets. This means that price volatility can be significant even with small amounts of capital, and it can react sensitively to short squeezes or small long inflows. The risk of new entry at this point is considered high. The probability of trend continuation is 45%, while the possibility of a short-term retracement is 55%. The key variable to watch is high volatility due to low open interest.
Other rising assets such as MAGMAUSDT (+34.42%), PIEVERSEUSDT (+29.41%), EVAAUSDT (+27.55%), ARBUSDT (+25.85%), MYXUSDT (+24.57%) also generally saw significant increases on September 18, and today (September 19) most are recording small fluctuations with low trading volumes. This suggests that a rotation has occurred across altcoins, driven by the strength of Bitcoin and Ethereum, while also indicating a common phenomenon of profit-taking pressure and a wait-and-see attitude forming due to short-term surges.
Currently, the cryptocurrency market continues to show an overall bullish sentiment with Bitcoin breaking above $80,000, and the Fear & Greed Index has also entered the 'Greed' phase. Most of the top-performing assets in the Binance futures market appear to have driven prices up through new long position inflows, accompanied by increases in open interest and trading volume. However, there are also assets like FUSDT that showed a rebound characteristic of a short squeeze, recording negative funding rates. Furthermore, the majority of assets showed consolidation or slight declines with low trading volumes on September 19 after surging on September 18, indicating that short-term profit-taking pressure and price correction possibilities cannot be ruled out. Overall, an altcoin rotation market is unfolding, but it is a time to carefully assess the supply and demand situation of individual assets, funding rates, and whether daily candles are forming peaks.
Overall, driven by Bitcoin's strength, there's active new long inflow into the altcoin market, and the greed index has risen. However, after short-term surges, trading volume is decreasing, which may lead to increased profit-taking pressure. Some assets might have experienced rebounds characteristic of short squeezes.