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As of July 23, 2026, macroeconomic indicators and traditional financial markets show a somewhat mixed trend. The US 10-year Treasury yield remains high at 4.63%, and the dollar index is also strong at 120.5315. These factors are judged to be potential burdens on the risk asset market.
In the US stock market, the S&P 500 closed down -0.12% and the NASDAQ 100 down -0.51%, showing overall weakness. The VIX fear index is at 20.72, indicating that market anxiety still exists. Against this backdrop, the cryptocurrency market recorded a total market capitalization of $2333.9B and a 24-hour trading volume of $66.2B. Bitcoin (BTC) dominance remains high at 56.73%.
Looking at the movements of major cryptocurrencies, Bitcoin (BTC) was at $66083.0, down -0.64% in 24 hours but up +2.04% in 7 days. Ethereum (ETH) was at $1933.16, up +0.25% in 24 hours and up +0.69% in 7 days, showing a relatively solid trend. However, Bitcoin's funding rate is -0.000003 (-0.00%), which is a neutral level, and no significant supply and demand changes were detected in the Open Interest (OI) of $0.0B. The Fear & Greed Index, which indicates investment sentiment, is 31 (Fear), slightly down from 33 (Fear) the previous day, showing that the overall market fear sentiment continues.
Today, several altcoins showed a prominent upward trend in the Binance USDT-M futures market. It is necessary to carefully analyze whether this strength in individual assets signifies a market-wide trend reversal or is due to short-term supply and demand factors.
ONUSDT is attracting market attention with a high increase rate of +41.26% in 24 hours. The current price is $0.17102, close to the 24-hour high of $0.172. The 24-hour trading volume recorded $27.8M, and Open Interest (OI) was $35.1M. The funding rate remains positive at 0.000809 (+0.08%), indicating a dominance of long positions.
Looking at the 7-day daily data, it started at $0.08954 on July 17 and continuously rose until July 20, with trading volume steadily increasing. On July 21, after recording a high of $0.18467, it significantly dropped to a closing price of $0.12107, forming a long upper wick. However, on July 22, it surged again by +41.07%, confirming strong buying pressure. This suggests a strong will to continue the trend despite short-term selling pressure. However, today's trading volume sharply decreased to $63K, indicating a lull compared to the previous uptrend.
BROCCOLIF3BUSDT rose +39.72% in 24 hours, taking a top spot alongside ONUSDT. The current price is $0.007887, and the 24-hour high is $0.008496. The 24-hour trading volume was high at $71.6M, and Open Interest (OI) was a significant $618.7M. The funding rate recorded a relatively high positive value of 0.001448 (+0.14%), somewhat suggesting the possibility of overheating in long positions.
Looking at the daily flow, from July 17 to July 21, it traded sideways in the $0.005 range with low trading volume. However, on July 22, it suddenly surged +40.14%, and trading volume also rapidly increased to $71.6M. This can be interpreted as strong buying pressure entering, breaking through the previous sideways range. However, today, July 23, it dropped -0.28%, and trading volume sharply decreased to $17K, indicating that it has entered a consolidation phase after yesterday's surge. Given the high OI and funding rate, it is necessary to be aware of short-term volatility.
BANKUSDT rose +26.98% in 24 hours, trading at $0.23161. The 24-hour high was $0.241, and the low was $0.11758, showing considerable volatility. In particular, the 24-hour trading volume recorded an overwhelming $1.2B, the highest among the assets analyzed today, and Open Interest (OI) was $179.0M. The funding rate is relatively stable at 0.000050 (+0.01%).
Looking at the 7-day daily data, it started at $0.06121 on July 17 and showed an explosive rally, rising +103.27% on July 19 and +18.28% on July 20. During this process, trading volume also surged from $432.0M to $1.6B and $1.3B, indicating strong buying inflow. However, on July 21, it experienced a significant correction, dropping -31.74%, but on July 22, it rebounded +26.33%, recovering a significant portion of the decline. Today, July 23, it is slightly up +0.26%, and trading volume has sharply decreased to $601K. This can be interpreted as a process of finding direction after sharp fluctuations.
REUSDT rose +20.14% in 24 hours, trading at $0.4754. The 24-hour high was $0.498, and the low was $0.3892. The 24-hour trading volume was $247.2M, and Open Interest (OI) was relatively low at $31.8M. Unusually, the funding rate recorded a negative value of -0.000107 (-0.01%), implying a slight dominance of short positions or pressure from long position liquidations.
Looking at the daily chart over the past 7 days, it showed a continuous downtrend from July 17 to July 21. In particular, on July 18, it dropped -11.59%, and trading volume was low. However, on July 22, it surged +19.94%, and trading volume exploded to $247.1M. This could be a result of strong buying inflow from the bottom or a combination of short position liquidations. Today, July 23, it rose +0.17%, but trading volume sharply decreased to $71K. The negative funding rate suggests that new long position inflows were relatively limited rather than a rapid liquidation of short positions.
ZAMAUSDT rose +19.23% in 24 hours, reaching $0.04762. The 24-hour high was $0.0477, almost identical to the current price, and the 24-hour low was $0.03916. The 24-hour trading volume was $41.7M, and Open Interest (OI) was a significant $211.3M. The funding rate is similar to REUSDT, showing a negative value of -0.000119 (-0.01%).
Looking at the daily chart over 7 days, from July 17 to July 19, it fluctuated slightly in the $0.03 range, maintaining low trading volume. On July 20, it rose +12.39%, and trading volume increased to $25.7M. On July 22, it surged +19.05%, recording a trading volume of $41.6M. This can be interpreted as a rebound from the bottom. Today, July 23, it slightly dropped -0.06%, and trading volume sharply decreased to $47K. Despite the high OI, the negative funding rate suggests that new long inflows were limited rather than short position liquidations.
DODOXUSDT rose +18.09% in 24 hours, with a negative funding rate of -0.000071 (-0.01%) and Open Interest (OI) of $166.6M. After surging +18.43% on July 22, it dropped -0.14% today, with trading volume sharply decreasing to $15K. This suggests that buying pressure may have entered a lull after a short-squeeze-like rebound.
MIRAUSDT rose +15.49% in 24 hours, but the funding rate recorded a very low negative value of -0.005312 (-0.53%). Open Interest (OI) is $94.3M. After surging +16.02% on July 22, it dropped -0.45% today, with trading volume decreasing to $276K. An extremely low funding rate can be interpreted as a signal to be wary of the dominance of short positions or large-scale liquidation of long positions.
AIAUSDT (+15.35%), UBUSDT (+13.67%), and LABUSDT (+12.31%) also recorded significant increases on July 22, but today, trading volume sharply decreased, showing slight fluctuations. The funding rates for most assets were positive but not high. This suggests that the surges are more likely due to individual supply and demand or short-term catalysts rather than strong market-wide buying pressure, and it is important to be wary of short-term pullbacks if subsequent buying pressure does not follow through.
Today's major rising assets in the Binance USDT-M futures market generally showed strong volatility. Some assets showed trend-like movements with new long inflows, but a significant number entered a lull with decreasing trading volume after short-term surges. In particular, high OI and extreme funding rates suggest the possibility of short-term overheating of long positions or temporary rebounds due to short position liquidations.