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TradingGain Newsroom··28 Oct 2026, 16:15 UTCThe funding rate on INIT perpetual futures is −0.066% per 8 hours, which means short traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp move higher (short squeeze).
INIT is one of the biggest movers among the most traded coins today, up 23.6% to $0.20324 with $149.4M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
Bitcoin is trading at $80,109 after pulling back 2.1% from its $81,800 high on Oct 28. Price is now testing a rising trendline near $79,612, and the next 1H close will show which way it breaks.
Mike Selig, chair of the US CFTC, says autonomous AI agents could challenge financial rules built around human traders. He argues that regulators will need to adapt. For traders, this points to possible future changes in how automated activity is overseen.
Bitcoin dropped below $80,000 as weakness in Samsung-linked tech stocks and a hawkish Federal Reserve hold pushed investors away from riskier assets. Crypto futures saw $356 million in liquidations, showing leveraged traders took heavy losses.
A full-page Wall Street Journal ad urged CEOs to opt out of tokenized stock trading. Securitize responded, and people are asking who paid for the ad. The dispute highlights the debate over tokenized stocks, which may matter to traders following this market.
TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.
