From CoinDesk · By Oliver Knight, Omkar Godbole
Bitcoin traded around $82,500, up about 0.4% since midnight UTC, extending a rebound from Sunday’s dip to roughly $80,700.
The CoinDesk 80 gained 0.9%, triple the CoinDesk 5’s 0.e5% rise, with all six members of the DeFi index higher and arbitrum adding 6.7%.
Nasdaq 100 futures rose more than 1% and Asian stocks advanced after China’s third-quarter GDP growth beat expectations and oil prices eased.
Bitcoin BTC$82,553.59 is trading around $82,500, up around 0.5% since midnight UTC, extending a bounce from Sunday’s dip to roughly $80,700 and comfortably above Thursday’s brief break below $80,000.
Altcoins outpaced the largest cryptocurrency, with ether ETH$2,422.46 adding 0.75% to near $2,430 and the CoinDesk 80 (CD80) gaining 0.9%, triple the 0.35% rise in the bitcoin-heavy CoinDesk 5 (CD5). DeFi led the CoinDesk benchmarks with a 0.81% gain, with all six members of the DFX sector index higher.
The rebound follows a rough week for U.S. tech. The Nasdaq fell 4.5% in its worst weekly decline since June as worries over AI spending and debt hit stocks such as CoreWeave (CRWV), which fell 25%. On Monday, Nasdaq 100 futures advanced more than 1% alongside gains in Asian stocks after China’s third-quarter GDP growth of 4.5% beat expectations and oil prices eased, with earnings from Meta Platforms META and Tesla TSLA due this week.
Derivatives positioning
Volume jumps, positioning doesn't: Total 24-hour crypto futures volume rose 51% to $146 billion, while open interest (OI) edged up just 1.25% to $141 billion as traders churned through more contracts without adding much net exposure. Liquidations were $329 million, little changed from a day earlier, and the taker long-short volume ratio is balanced, so neither side is forcing the other out.
Majors rally with more leverage than spot buying: BTC, ETH, SOL and XRP all gained, and their notional OI grew faster than their prices in a sign that fresh capital is entering the contracts. Annualized perpetual funding is positive on all four, so longs are paying to hold. The 24-hour OI-adjusted cumulative volume delta (CVD) is flat to negative, though, meaning aggressive selling at least matched aggressive buying. The gains look position-led, and that makes them more fragile.
DOGE, UNI and crude oil perps see positions unwind: OI fell in all three despite flat-to-negative price action. Traders are closing positions and pulling capital out, not adding to bets on the downside.
ADA's bounce meets bearish positioning: ADA rose almost 1% in 24 hours, yet its annualized perp funding is -8%, the only negative print among the majors. Shorts are paying to stay short, and CVD is negative too. If the bounce continues, that crowded short side could become a source of buying.