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TradingGain Newsroom··21 Oct 2026, 05:30 UTCThe funding rate on SOXL perpetual futures is −0.068% 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).
SOXL is one of the biggest movers among the most traded coins today, down 19.8% to $82.30 with $3.20B traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
Tether, Circle and other firms quickly blocked billions in crypto stolen in the Binance hack. Legal experts are divided, however, and question whether smaller victims would get the same protection. For traders, the episode highlights that freezing stolen funds and actually recovering them are two different things.
Binance has set a 48-hour target for restoring withdrawals, while Bitcoin deposits remain open. The target is based on estimates, so the real test is whether customer transfers are actually completed. A separate reserve update is also part of what traders are waiting for.
IDOL is one of the biggest movers among the most traded coins today, up 65.4% to $0.021542 with $431.7M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
Tether, a stablecoin issuer, said its excess reserves nearly doubled to $8 billion and its Q3 profit reached $1.5 billion. Its US Treasury holdings are now comparable to those of major foreign holders, and its Bitcoin reserves were worth $8.37 billion at the end of September. For traders, this shows how large a stablecoin issuer's backing has grown and how much it is tied to Treasuries and Bitcoin.
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.
