Crypto positioning amid the equity rout
BTC sits around $76K with most net longs underwater, and traders debate whether crypto holds up or follows equities down. Single stock perps and tokenization are notable product developments.
What we know
Coinbase Markets says the largest net long cluster entered at $72,771 vs. spot $76,147, with 86% of net long notional entered above spot. An account on X buys below 75K BTC/2.2K ETH, while another account on X says holding the level would show strength. Another account on X sees single stock perps as a normie onramp, and DTCC's tokenization service is live.
Sources
“The largest cluster of net long $BTC positions entered at $72,771. Spot: $76,147”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.