Bitway Leads the Rally BTW +24.3% on the Day

What Moved

Crypto had a strong day. Total market capitalisation rose +14.7% to $2.92T over the 24 hours to 00:52 UTC, the kind of move that lifts most of the market with it.

Bitcoin set the tone, rising +2.7% to $83,415 while the median large asset moved +1.0%; its share of the market eased to 57.4%. Ethereum gained 3.9% to $2,506.

Breadth was split — 1618 assets up, 747 down — with 77.0% of the hundred largest closing higher. The index move came from the large caps more than the field.

Bitway (BTW) was the day's strongest mover at +24.3%, ahead of INJ (+15.3%). At the other end, Beldex (BDX) fell 12.8%, with QNT (-5.3%) close behind. By sector, Zero Knowledge led (+8.3%) while RWA trailed (-0.1%).

Volume and Leverage

We measured $60.6B of spot turnover, -8.3% on the previous session — nothing unusual in participation. Spot on centralised exchanges accounted for $59.6B, on-chain swaps $1.99B and derivatives $82.1B.

Liquidations were contained at $139M, split between longs ($68.1M) and shorts ($71.2M). Open interest across the venues we track is $63.2B.

Sentiment

Sentiment is greed: our Fear & Greed index reads 60 (55 yesterday, 55 last week).

Sentiment and price agree, so the reading adds conviction rather than warning. Extremes in either direction are where the index earns its keep.