ilqdty daily2 min readRead the latest
$477k got liquidated in a day and 82% of it was longs betting the wrong way, right as the 10-year touched territory it hasn't seen since 2007
| Markets | Level | 24h | week |
|---|---|---|---|
| $BTC | 84,107 | +0.0% | +3.5% |
| $ETH | 2,685.3 | -0.2% | +2.0% |
| $SOL | 120.4 | -1.4% | +8.4% |
| BTC.D | 58.3% | ||
| F&G | 74 greed |
01Crypto5 stories
- bitget got hacked for about $357M, pushing north korea's 2026 haul past $1B@Bloomberg
- the fed wants a 2% capital charge on the first $20B of stablecoins any issuer holds@federalreserve
- $389k of bitcoin longs got liquidated in an hour, running 24x the normal pace, while the coin itself sat flat on the day
- ark tokenized its $1.3B venture fund, openai and anthropic stakes included, on ethereum
- seven uk banks just settled their first interbank payments in tokenized pound deposits@CoinDesk
02Macro4 stories
- the 10-year treasury yield hit 5.208%, the highest print since june 2007@CNBC
- japan's 10 year jumped 10bp to 3.075%, its highest since 1996@Bloomberg
- the dow gained 478 points to 51,828 as falling oil lifted stocks@AP
- us jobless claims fell to 197,000, below the 201,000 forecast
03Trends3 stories
- pumpswap leads all venues in fees this week, $24.2M, ahead of uniswap v4's $20.9M and hyperliquid perps' $19.7M
- pons v2 on robinhood chain still tops all launchpads over 30 days at $141.2M, even after axiom passed it on the latest single day
- solana passed robinhood chain in weekly chain fees, $6.73M vs $1.71M, though robinhood chain is still bigger over 30 days at $39.6M
04My view
two things are true at once and they don't usually coexist: the 10-year just touched a level it hasn't seen since 2007, and gold fell 1.61% on the same inflation print that caused it. gold is supposed to be the hedge for exactly this scenario. it didn't show up.
what i'm watching is who's still holding the bag. fear and greed sits at 74, basically unchanged, while total crypto market cap is down over 6% in two days. that gap between sentiment and price is the tell that nobody's actually panicked yet, which means the people who bought this dip haven't been tested.
the constructive read: stablecoin supply is still growing, defi tvl is up almost 11% on the week, and dry powder is sitting there waiting for yields to stall. that's real ammunition for a bounce once the rate story cools off. the risk is straightforward: if wednesday's pce print confirms what these pmis just showed, the 10-year keeps climbing and crypto keeps paying for it.
quiet weekend, loud week ahead. pce wednesday, jobs report saturday. lock in.