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TradingGain Newsroom··21 Oct 2026, 05:15 UTCThe funding rate on SKHY perpetual futures is −0.060% 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).
Lazaro Campos, former CEO of Swift, has joined London-based stablecoin firm OpenTrade as its chairman. The company says it has $300 million in assets locked and more than $1 billion in annual transaction volume. The move may draw attention to stablecoin firms as traders look for signs of growth in the sector.
The Federal Reserve kept its target range at 3.75% to 4% on Oct. 28, with a 10-2 vote. Two members wanted an immediate quarter-point hike, and rate-market trackers now see a December hike as likely.
A market is at an inflection point, and a chart highlighted by CoinDesk shows the moment. The shift could shape inflation trends and the prices of risk assets, including bitcoin and tech stocks.
Bitcoin ETFs took in $424 million over three days, lifting October net inflows to $111 million. The gains came despite a hawkish Federal Reserve decision and weaker crypto sentiment. For traders, strong fund demand can hold up even when rate signals turn tougher.
Q is one of the biggest movers among the most traded coins today, down 22.8% to $0.04573 with $309.7M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
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