Bitcoin rose above $66,500 after the Bank of Japan raised interest rates to a 31-year high, gaining 1.5% in 24 hours. Altcoins like Stellar's XLM, Injective's INJ, and Uniswap's UNI surged 13-16%, among the best in the top 100. Derivatives data show renewed risk appetite: total trading volume jumped 51% to $207 billion, open interest rose 2.4% to $113.41 billion, and liquidations surged 64% to $561 million, with shorts dominating. BTC futures open interest hit 747,000 BTC, the highest since June 4, while funding rates near zero and positive CVD suggest balanced recovery. Ethereum futures OI also edged up. Despite the rally, Avalanche's AVAX saw negative sentiment, with bearish posts outnumbering bullish ones (ratio 0.85) as attention shifts to Solana and Sui. However, Santiment notes extreme negativity could signal a contrarian buying opportunity. Meanwhile, memecoin SIREN crashed 21% in a day and 77% month-to-date after a whale sold 92% of supply. Implied volatility indexes for BTC and ETH retreated, supporting continued recovery.

Key facts

• Bitcoin rose above $66,500 after BoJ rate hike, up 1.5% in 24h.
• XLM, INJ, UNI surged 13-16%, best among top 100 cryptos.
• Derivatives: volume +51% to $207B, OI +2.4% to $113.41B, liquidations +64%.
• Avalanche sentiment negative (0.85 ratio) as rivals Solana, Sui gain traction.
• Memecoin SIREN crashed 21% after whale sold 92% of supply.
• BTC/ETH implied volatility indexes retreated, supporting recovery.

KeyAudit data perspective