MEXC desk notes (Thursday morning)
The Digital Chamber calls Sherrod Brown's win 'most consequential unfavorable result' for crypto; BTC 79,742.20
Key takeaway
Chart above: MEXC's BTCUSDT perp page as of 8:52 AM ET. Every number below comes from MEXC's public contract API, pulled at 8:53 AM ET.
Support and resistance
- BTC: last 79,742.20; 24h high 81,179.10 is the lid, 24h low 78,179.60 the floor; last night's 80,572.20 is now resistance from below; winning it back would undo the drop.
- ETH: last 2,388.28; 24h range 2,311.59-2,449.80; last night's print 2,428.92 (-1.67%).
A clean hourly close under 78,179.60 would extend the drop; anything between 78,179.60 and 80,572.20 is still range trade.
31-coin table
| Coin | Last | 24h % | 24h Vol | 24h High | 24h Low |
|---|---|---|---|---|---|
| $BNB.USDT | 713.2 | +1.95% | $12.61M | 724.6 | 699.1 |
| $WAL.USDT | 0.02914 | +0.62% | $214.61K | 0.03035 | 0.02872 |
| $PEPE.USDT | 0.00000492 | -1.39% | $117.50M | 0.00000532 | 0.00000486 |
| $EGLD.USDT | 3.335 | -1.68% | $319.70K | 3.503 | 3.313 |
| $CVX.USDT | 1.886 | -2.53% | $209.29K | 2.021 | 1.882 |
| $KNTQ.USDT | 0.4629 | -8.69% | $149.24K | 0.5179 | 0.4421 |
| $DYDX.USDT | 0.1034 | -0.28% | $251.72K | 0.1081 | 0.1028 |
| $INJ.USDT | 8.263 | +7.87% | $41.02M | 8.594 | 7.607 |
| $ENS.USDT | 5.014 | +1.45% | $783.70K | 5.201 | 4.924 |
| $BAN.USDT | 0.04978 | -2.39% | $104.92K | 0.05292 | 0.04947 |
| $APT.USDT | 0.629 | +0.43% | $6.40M | 0.6605 | 0.6222 |
| $JST.USDT | 0.14224 | +1.12% | $288.24K | 0.14286 | 0.13933 |
| $XVS.USDT | 2.861 | -0.17% | $107.28K | 2.951 | 2.851 |
| $1000BONK.USDT | 0.003 | -0.53% | $3.38M | 0.003188 | 0.002984 |
| $ALT.USDT | 0.005634 | +0.24% | $180.53K | 0.00587 | 0.005545 |
| $LAB.USDT | 0.04555 | +0.13% | $1.02M | 0.04752 | 0.04322 |
| $THETA.USDT | 0.1551 | +1.83% | $385.72K | 0.1604 | 0.152 |
| $UNI.USDT | 7.302 | -0.54% | $151.50M | 7.822 | 7.256 |
| $PEAQ.USDT | 0.03198 | -0.37% | $128.05K | 0.03357 | 0.03169 |
| $GRAM.USDT | 1.148 | -1.79% | $1.11M | 1.204 | 1.132 |
| $APE.USDT | 0.114 | +0.88% | $1.13M | 0.1179 | 0.1125 |
| $MAGMA.USDT | 0.38103 | -3.45% | $362.46K | 0.45958 | 0.36676 |
| $NEO.USDT | 1.975 | +1.23% | $485.86K | 2.029 | 1.938 |
| $NEX.USDT | 0.000000667 | -0.74% | $112.33K | 0.000000675 | 0.000000653 |
| $LINEA.USDT | 0.002331 | -0.59% | $153.90K | 0.002446 | 0.002321 |
| $RAY.USDT | 1.7456 | +6.23% | $2.75M | 1.7968 | 1.6222 |
| $ADA.USDT | 0.1942 | +2.53% | $39.57M | 0.2015 | 0.1888 |
| $BR.USDT | 0.4651 | -2.67% | $1.18M | 0.4893 | 0.4563 |
| $BARD.USDT | 0.1112 | +0.36% | $206.18K | 0.1151 | 0.1102 |
| $AKT.USDT | 0.6455 | +5.94% | $357.20K | 0.6658 | 0.6078 |
| $SFP.USDT | 0.2179 | -0.45% | $138.35K | 0.2298 | 0.2174 |
Funding & derivatives read
- Majors on MEXC: BTC +0.0100%, ETH +0.0100% per interval.
- Board split: 26 positive / 5 negative / 0 flat of 31 quoted.
- Richest longs: $BNB.USDT +0.0205%, $INJ.USDT +0.0204%, $PEPE.USDT +0.0100%.
- Most negative: $PEAQ.USDT -0.1547%, $KNTQ.USDT -0.0200%, $ALT.USDT -0.0158%.
Funding is near baseline into the US session, so leverage is not crowded either way; the next move is more likely to come from spot flow than a liquidation cascade.
Market pulse
- MEXC BTC perp: 80,572.20 at last night's 9:43 PM ET read -> 79,742.20 now (-1.03%).
- MEXC ETH perp: 2,428.92 -> 2,388.28 (-1.67%).
- 24h on MEXC: BTC +1.87%, ETH +3.23%.
- Total crypto market cap ~$2.67T (+1.64% 24h), BTC dominance 60.11%.
- Fear & Greed 50 (Neutral), unchanged from last night.
- Day range on MEXC BTC: 78,179.60-81,179.10 (24h).
In the news
- "The Digital Chamber calls Sherrod Brown's win 'most consequential unfavorable result' for crypto" (The Block)
- "Bitcoin and gold surge after US elections, but $378 million short squeeze casts doubt on debasement trade" (CryptoSlate)
- "Binance cuts SignalPlus access after security warning, urges users to check accounts" (CoinDesk)
Top and bottom of the tape
These five are kept out of the table above, so there is no overlap.
| Coin | Last | 24h % | 24h Vol |
|---|---|---|---|
| $CYS.USDT | 0.1029 | +6.19% | $535.44K |
| $APR.USDT | 0.04229 | +4.85% | $586.99K |
| $MAGIC.USDT | 0.08479 | +4.08% | $640.20K |
| $AGT.USDT | 0.03037 | -7.68% | $3.08M |
| $PARTI.USDT | 0.04415 | -8.28% | $313.19K |
Leaders: $CYS.USDT +6.19%, $APR.USDT +4.85%, $MAGIC.USDT +4.08%. Laggards: $AGT.USDT -7.68%, $PARTI.USDT -8.28%.
Sector check
- Trending names that list on this board: $INJ.USDT.
- Dominance: BTC 60.11% vs ETH 10.96%.
- Breadth: 15 of 31 names on the board are green over 24h.
- Strongest: $INJ.USDT +7.87%, $RAY.USDT +6.23%, $AKT.USDT +5.94%; weakest: $KNTQ.USDT -8.69%, $MAGMA.USDT -3.45%.
ETH is ahead of BTC over 24h (+3.23% vs +1.87%), and most alts on the board are lagging.
Bottom line
As long as 78,179.60 holds, this is still range trade between 78,179.60 and 81,179.10. A move back over 80,572.20 would change the tone into the US session.
Levels get rechecked this evening.
Discussed on r/MEXCReferralCodes