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Bitunix Wednesday morning: BTC 83,505.20 (- since yesterday), Bitcoin risk management grows more popular as the 'just bet on price' era fades

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Quick read of Bitunix perps for Oct 21, morning edition (screenshot 7:26 AM ET, data 7:27 AM ET).

Headlines

  • "Bitcoin risk management grows more popular as the 'just bet on price' era fades" (CoinDesk)
  • "'Mentality Issue': PlayStation Founder Waves Away Disc Ownership Anger" (Decrypt)
  • "Cardano Whales Stay Quiet as ADA's Chart Flashes a Sell Signal" (CryptoPotato)

Wide ranges

  • Heaviest turnover on this board: $LINK.USDT $16.80M, $ARB.USDT $11.79M, $PENGU.USDT $3.70M, $XLM.USDT $3.57M.
  • Widest 24h ranges: $MAGMA.USDT 20.8%, $AERO.USDT 13.0%, $ARKM.USDT 10.8%.
  • BTC's 24h range on Bitunix: 81,281.30-83,686.20 (2.96%).

Wide-range small caps are where stop runs tend to start when US-session volume arrives.

Levels to watch

  • BTC: last 83,505.20; 24h high 83,686.20 is the lid, 24h low 81,281.30 the floor.
  • ETH: last 2,466.54; 24h range 2,380.49-2,477.36.

BTC is pinned near -; the 24h range edges matter more than the pivot itself into the US session.

Where the rotation went

  • Trending names that list on this board: $AERO.USDT, $PENGU.USDT.
  • Dominance: BTC 60.46% vs ETH 10.94%.
  • Breadth: 31 of 31 names on the board are green over 24h.
  • Strongest: $MAGMA.USDT +17.08%, $ARKM.USDT +9.28%, $PENGU.USDT +8.85%; weakest: $SYN.USDT +0.84%, $PIEVERSE.USDT +1.27%.

ETH is ahead of BTC over 24h (+3.47% vs +2.50%), and alt breadth is holding up.

Random draw from the Bitunix board

CoinLast24h %24h Vol24h High24h Low
$MUBARAK.USDT0.05351+1.81%$288.90K0.054620.05241
$BARD.USDT0.112+5.46%$81.77K0.11250.1061
$SOON.USDT0.3116+5.20%$278.81K0.31490.295
$WLFI.USDT0.05632+5.17%$994.16K0.056380.05344
$ANKR.USDT0.004227+2.85%$218.63K0.0042580.004098
$EIGEN.USDT0.2379+2.50%$1.50M0.24740.2307
$KITE.USDT0.12313+3.29%$160.66K0.124270.11916
$XTZ.USDT0.319+4.11%$188.95K0.32330.3026
$RLC.USDT0.7304+6.52%$546.22K0.74970.6856
$XLM.USDT0.18485+5.09%$3.57M0.18510.1752
$ARKM.USDT0.1284+9.28%$230.13K0.13010.1174
$GMX.USDT8.28+2.37%$141.71K8.327.948
$DOT.USDT1.1549+1.85%$2.91M1.18751.1315
$ALLO.USDT0.20845+2.75%$166.71K0.210970.20094
$SYN.USDT0.18278+0.84%$235.13K0.187160.17987
$AERO.USDT0.8494+6.31%$2.16M0.89380.7912
$BOME.USDT0.0006283+6.29%$926.24K0.000640.0005895
$VIRTUAL.USDT0.6929+5.92%$813.27K0.69330.6532
$2Z.USDT0.03093+6.80%$161.38K0.031320.02891
$RPL.USDT1.612+5.64%$88.46K1.6461.518
$LINK.USDT12.408+3.97%$16.80M12.46911.915
$NMR.USDT11.319+2.88%$206.07K11.45410.966
$PIEVERSE.USDT1.0654+1.27%$108.43K1.0991.0485
$GLM.USDT0.11707+3.07%$92.44K0.118870.1121
$MAGMA.USDT0.32278+17.08%$560.75K0.326210.27003
$ARB.USDT0.19307+2.01%$11.79M0.198820.1862
$ZAMA.USDT0.07599+6.31%$302.92K0.077030.07136
$PENGU.USDT0.008144+8.85%$3.70M0.0082210.007477
$SSV.USDT2.604+3.01%$97.49K2.6182.512
$ONE.USDT0.0014381+4.01%$468.26K0.00147240.0013816
$ROSE.USDT0.007551+5.52%$131.51K0.0076010.007145

Who ran, who bled

CoinLast24h %24h Vol
$XNY.USDT0.007196+38.89%$680.64K
$PARTI.USDT0.03891+33.07%$1.04M
$BMT.USDT0.02385+28.64%$1.96M
$MITO.USDT0.00984-24.66%$302.74K
$PTB.USDT0.0004883-29.21%$349.95K

Leaders: $XNY.USDT +38.89%, $PARTI.USDT +33.07%, $BMT.USDT +28.64%. Laggards: $MITO.USDT -24.66%, $PTB.USDT -29.21%.

Where Wednesday morning starts

  • 24h on Bitunix: BTC +2.50%, ETH +3.47%.
  • Total crypto market cap ~$2.76T (+2.49% 24h), BTC dominance 60.46%.
  • Fear & Greed 63 (Greed).
  • Day range on Bitunix BTC: 81,281.30-83,686.20 (24h).

Takeaway

The board leans green and BTC sits at 83,505.20 (n/a vs yesterday). - is the pivot, and which side of it holds sets the tone into the US session.

Which mover are you watching? Comments are open.

$PENGU.USDT $ARB.USDT $ETH.USDT $XNY.USDT $BTC.USDT $XLM.USDT $LINK.USDT

Discussed on r/BitunixCrypto

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