September 6th Cryptocurrency Market Daily Futures Data Update

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Bitget2024/09/06 06:20

By:Bitget

Aptos Leads Losses as Crypto Weakness Continues

Cryptocurrencies continued trending to the downside as recession fears weighed on risk assets ahead of Friday's key jobs data report. Native token of layer-1 blockchain Aptos (APT) tumbled 7%, as an upcoming token unlock event weighed on its price. Some $65 million worth of locked tokens, 2.3% of the current supply, will be added to circulation next week including to early investors, per Token.Unlocks data.

Cryptocurrencies usually underperformed the broader market in a window of seven days before and after large token unlocks over past years, a recent Messari research concluded analyzing hundreds of unlock events over the past years. Looking at traditional markets, key U.S. equities declined during the morning session in a broader risk-off sentiment. The Dow Jones Industrial Average (DJIA) was down 0.9%, while the broad-based S&P 500 lost 0.5% by 12:00 Eastern time. The tech-heavy Nasdaq 100 erased its opening gains and stood mostly flat.

Crypto-focused stocks also performed poorly. Coinbase (COIN) declined 1%, briefly slipping below $160 for the first time since February, taking out the lows hit during the early August crash due to the Japanese yen carry trade unwind. Large-cap bitcoin miners Marathon (MARA) and Riot Platforms (RIOT) were down 4% and 2%, respectively.

Source: CoinDesk

Futures Market Updates

Bitcoin tumbled below the $56,000 level before a modest bounce.

Bitcoin Futures Updates

Total BTC Open Interest: $29.13B (-1.74%)

BTC Volume (24H): $59.08B (-0.06%)

BTC Liquidations (24H): $26.73M (Long)/$26.28M (Short)

Long/Short Ratio: 48.98%/51.02%

Funding Rate: 0.0021%

Ether Futures Updates

Total ETH Open Interest: $10.39B (-0.36%)

ETH Volume (24H): $21.31B (-5.82%)

ETH Liquidations (24H): $12.41M (Long)/$16.67M (Short)

Long/Short Ratio: 49.12%/50.88%

Funding Rate: 0.0055%

Top 3 OI Surges

POL: $2.93M (+241,766.78%)

SNT: $3.18M (+222.63%)

$AI: $846.85K (+132.37%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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