10x Weekly Crypto Kickoff – Bitcoin Rejected at $92,000 on Ultra-Low Volumes: What Comes Next?
The report covers derivatives positioning, volatility trends, and funding dynamics across Bitcoin and Ethereum, along with sentiment, technical signals, ETF and stablecoin flows, option activity, expected trading ranges for the next 1–2 weeks, and key upcoming market catalysts.
Why this report matters
Crypto just delivered one of its lowest-volume weeks since July, and the price action is starting to tell a very different story beneath the surface.
Bitcoin failed again at the same resistance level, even as rate-cut expectations hit near-certainty—an unusual combination that deserves attention.
Meanwhile, volatility collapsed exactly as anticipated, but what traders are pricing in now is even more revealing.
Ethereum flows, funding, and skew are flashing signals that rarely appear together, and the last time they did, the market didn’t stay quiet for long.
Stablecoin dynamics and ETF activity add another layer that most traders are missing entirely.
Crypto trading volumes have fallen to the lowest levels since July.
The Crypto market cap stands at $3.1 trillion, 4% higher than the week before, with an average weekly volume of $127 billion, -32% below average.
Weekly Bitcoin volume was $59.9 billion, -31% below average, while Ethereum volume was $21.1 billion, -43% below average.
Ethereum network fees (0.05 Gwei) are in the 5th percentile, indicating low network usage.
BTC futures trades continue to unwind exposure, leaving ETFs to hold BTC up.
The Bitcoin funding rate rose by 6.8% this week to 4.3%, which is in the 20th percentile of the last 12 months.
Futures open interest decreased by $-1.1 billion to $29.7 billion.
The Ethereum funding rate rose by 14.5% this week to 20.4%, which is in the 83rd percentile of the last twelve months.
Futures open interest increased by $900 million to $16.2 billion.
Full report: https://update.10xresearch.com/p/10x-weekly-crypto-kickoff-bitcoin-rejected-at-92-000-on-ultra-low-volumes-what-comes-next
