Rate Decision in the US Tonight Will Dictate the Market Directions

$BTC 24 Hour High $19,640 / Low $18,720 | $BTC -3.1% Past 24 hours; -6.3% Past 7 days

Crypto market lacks overall momentum. Wintermute was hacked for 180m USD. MicroStrategy bought a total of 301 bitcoins. Nasdaq plans to offer digital asset custody. HKMA is planning to launch CBDC “eHKD”. Binance and FTX are reportedly bidding $50m for Voyager Digital, while New York bankruptcy court has ordered Alameda Research to return the $200m loan it borrowed for Voyager Digital.

Equities, Commodities & Macro 

US markets closed down 1% with Asia markets looking to follow. The Fed rate decision in the US tonight will determine the market directions for the rest of the week. 


Digital Assets Market

  • Total crypto market capitalization stands at $963B, -2.3% from yesterday
  • $BTC is -3.1% at time of writing; 24H liquidations and funding rates: 35.29M, 0.02168%
  • $ETH is -2.9% at time of writing; 24H liquidations and funding rates: 51.36M, 0.01557%
  • Stablecoins market dominance: USDT 44.86%; USDC 33.13%; BUSD 13.54%; DAI 4.24%


Alts and DeFi watch

  • DeFi TVL: $53.52B (-0.02% over last 24 hours)
  • $SOL -2.2% in the last 24 hours, -4.4% in the past week
  • $SHIB -2.4% in the last 24 hours,-12.4% in the past week
  • $ADA +1.2% in the last 24 hours, -2.4% in the past week
  • $ENJ -1.1% in the last 24 hours, -3.0% in the past week


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OSL Trader View is contributed by Hans-Stefan von Haenisch, Ethan Fu, Tiffany Wee, Melvin Gallu, Keith Hwam & Kevin Lee.

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