QuantCapLeading the gains is BTW, the native token of Bitway, a bitcoin-compatible layer-1, which jumped 25% in the past 24 hours and is up 170% over the past 30 days.
Smaller altcoins shine as bitcoin stills trades around $85,000
Leading the gains is BTW, the native token of Bitway, a bitcoin-compatible layer-1, which jumped 25% in the past 24 hours and is up 170% over the past 30 days.
Bitway’s BTW token rose 25 percent in 24 hours and 170 percent over the past month, leading a broader rally among smaller cryptocurrencies. Bitcoin traded near $85,900, with analysts warning that a drop below $84,000 could open the way for a swift decline toward $80,000. Bitcoin derivatives positioning stabilized as open interest held near $21.9 billion, funding rates cooled and 24-hour liquidations reached $163 million.
Smaller coins are stealing the spotlight again as bitcoin BTC$86.105,52, ether ETH$2712,47 and other major cryptocurrencies are still trading in a choppy range, while
Leading the gains is BTW, the native token of Bitway, a bitcoin-compatible layer-1 blockchain with proof-of-stake consensus and decentralized finance (DeFi) infrastructure. The token has jumped 25% in the past 24 hours and is up 170% over the past 30 days.
BTW has also been drawing attention on social media, following the end of Binance Wallet's "Booster Season 5" campaign on Oct. 2. The campaign offered rewards for deposits and may have boosted retail engagement.
The rally also appears to be part of a broader shift toward smaller altcoins. Filecoin's FIL and LayerZero's ZRO have gained 12% and 10%, respectively, in 24 hours, and both are up 50% or more over four weeks. Midnight's NIGHT token has added 8% over the same 24 hours.
At the other end, SKY, VVV and DASH are the three worst performers among the 100 largest tokens by market value.
As for bitcoin, it remains stuck in its range. The leading cryptocurrency is trading at $85,900 as of this writing, after putting in lows near $85,000 earlier in the day.
"A break below $84K would signal a victory for the bears, and a break below the recent local lows at $83K would confirm this with even greater certainty. In this scenario, the leading cryptocurrency could fall to $80K fairly quickly," said Alex Kuptsikevich, chief market analyst at TheFxPro.
Derivatives positioning
BTC open interest held roughly flat at $21.9B (from $22.0B), while funding rates cooled a touch - now broadly 0–5% annualized across venues, down from the elevated 4–10% range. The 3-month annualized basis held steady in the 5–6% range. Positioning is stabilising after Friday's build: leveraged longs still in place, but the heat is coming off funding. Options flow stayed call-skewed, the 24-hour put/call volume ratio at 62/38 in favour of calls. The 1-week 25-delta skew remains negative at ~-2%, and the ATM term structure is unchanged - still in contango, front end ~24–25% rising to ~39% by late 2027 Coinglass data shows $163M in 24 hour liquidations, with a 63-27 split between longs and shorts. BTC ($51M), Others ($21M) and ETH ($19M) were the leaders in terms of notional liquidations. Binance liquidation heatmap indicates $87,150 as a core liquidation level to monitor, in case of a price rise.
Newsletter
Token talk
Privacy tokens bucked wider weakness to lead the day's gains, with Monero (XMR) advancing 1.9% to $557 and Zcash (ZEC) gaining 2.5% to cross back above $1,350 as demand for anonymous layer-1 assets remains firm amid shifting macro sentiment. Near protocol NEAR$5,2442 was among the standout performers in the altcoin space, jumping 4.5% over 24 hours to trade at $5.25 as buying interest returned following last week's sharp market-wide pullback. Rain protocol RAIN$0.01140 led today’s decliners, falling 5.6% as selling pressure resumed following recent supply emissions and broader profit-taking across speculative low-cap altcoins. Large-cap DeFi standard-bearers traded slightly lower, with Uniswap (UNI) slipping 1.4% to $8.89 and Chainlink LINK$14,05 easing 1.2% to $14, reflecting quiet, range-bound consolidation across decentralized finance protocols. Sui SUI$1,1987 gave back recent gains, dropping 3.2% over 24 hours to trade near $1.20 as the layer-1 token continues to digest its recent multi-session volatility.
1Live updates: A drop below $84,000 could put $80,000 in play for bitcoin34 minutes ago 2U.S.- China AI race heats up as Chinese rivals secure billions ahead of IPOs1 hour ago 3OKX Money lets users save, earn 10% yield and spend dollar stablecoins in one app2 hours ago 4Why bitcoin is down 'just' 32% a year after its record high of $126,0002 hours ago 5U.S. scraps proposed $10,000 reporting rule for for crypto sent to private wallets6 hours ago 6Ethereum’s Glamsterdam test gets last-minute fix before major capacity jump6 hours ago 7Bitcoin keeps getting rejected at $87,000 as stocks hover near records6 hours ago 8Solana Foundation unveils a program to settle institutional trades in seconds. JPMorgan gave input6 hours ago 9Crypto's campaign arm, Fairshake, sets lists of U.S. House favorites it'll spend on15 hours ago 10More than 60 U.S. stocks including Nvidia and Tesla are headed onchain. Here’s how it works17 hours ago
The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Live updates: A drop below $84,000 could put $80,000 in play for bitcoin
U.S.- China AI race heats up as Chinese rivals secure billions ahead of IPOs
Why bitcoin is down 'just' 32% a year after its record high of $126,000
Live updates: A drop below $84,000 could put $80,000 in play for bitcoin
U.S.- China AI race heats up as Chinese rivals secure billions ahead of IPOs
OKX Money lets users save, earn 10% yield and spend dollar stablecoins in one app