Crypto opens the week in the green as Strait of Hormuz deal murmurs boost bitcoin

The crypto market opened the week on a positive note, with bitcoin BTC $ 64,978.83 up 0.54% since midnight UTC at $65,209 and ether ETH $ 1,916.58 gaining 0.86% to $1,925 as sentiment stabilized following a turbulent July.

The move was correlated with Nasdaq 100 index futures, which rose by 0.45% since midnight, buoyed by speculation from the Middle East that Iran is ready to strike a deal with Oman to open the Strait of Hormuz.

The altcoin market is delicately poised, waiting to see if bitcoin can drive higher into the $68,000 to $72,000 range before benefiting from capital rotation.

Derivatives positioning

Long-short ratio flips bullish: The long-short ratio for taker volume in crypto futures has flipped bullish, with longs accounting for 52% of the flow. A taker is an entity that removes liquidity from the order book by trading at available prices.

The long-short ratio for taker volume in crypto futures has flipped bullish, with longs accounting for 52% of the flow. A taker is an entity that removes liquidity from the order book by trading at available prices. BTC OI growth remains elusive: Bitcoin futures market activity remains subdued as BTC attempts to hold above $65,000 amid cooling bets on Federal Reserve rate increases. Open interest (OI) slipped back below 750K BTC. However, annualized funding rates and 24-hour OI-adjusted CVD remain positive, indicating that the limited interest present in the market is leaning bullish.

Bitcoin futures market activity remains subdued as BTC attempts to hold above $65,000 amid cooling bets on Federal Reserve rate increases. Open interest (OI) slipped back below 750K BTC. However, annualized funding rates and 24-hour OI-adjusted CVD remain positive, indicating that the limited interest present in the market is leaning bullish. ETH OI slides: De-risking continues in ETH futures, with open interest falling to 13.35 million tokens, the lowest level since May 3, and a significant drop from the late-May peak of 15.98 million tokens.

De-risking continues in ETH futures, with open interest falling to 13.35 million tokens, the lowest level since May 3, and a significant drop from the late-May peak of 15.98 million tokens. Activity picks up in SOL futures: Renewed activity is appearing in SOL futures, as open interest rebounds to 64.60 million tokens from a recent low of around 60 million. This points to fresh capital inflows, coinciding with the token’s price recovery from nearly $70 to over $76 and a break above the widely tracked Ichimoku cloud, signaling a potential short-term bullish trend reversal.

Renewed activity is appearing in SOL futures, as open interest rebounds to 64.60 million tokens from a recent low of around 60 million. This points to fresh capital inflows, coinciding with the token’s price recovery from nearly $70 to over $76 and a break above the widely tracked Ichimoku cloud, signaling a potential short-term bullish trend reversal. Monero leads OI growth: Privacy-focused coin Monero (XMR) has surged 5% over the past 24 hours, briefly topping $400 for the first time since June 12. The rally appears to have staying power, with futures open interest jumping 6% alongside the price gains. The 24-hour CVD is the most positive among major cryptocurrencies, indicating that buyers are acting more aggressively through market orders rather than passive limit orders. In addition, annualized funding rates stand at the highest level among majors at 28%, underscoring growing demand for upside exposure.

Privacy-focused coin Monero (XMR) has surged 5% over the past 24 hours, briefly topping $400 for the first time since June 12. The rally appears to have staying power, with futures open interest jumping 6% alongside the price gains. The 24-hour CVD is the most positive among major cryptocurrencies, indicating that buyers are acting more aggressively through market orders rather than passive limit orders. In addition, annualized funding rates stand at the highest level among majors at 28%, underscoring growing demand for upside exposure. BVIV hits 2026 lows : Bitcoin’s 30-day implied volatility index, BVIV, fell to a year-to-date low of 35.59% over the weekend. The drop shows expectations for market calm, although some traders warn that put options offering protection from price losses in BTC are still trading at a premium to calls.

: Bitcoin’s 30-day implied volatility index, BVIV, fell to a year-to-date low of 35.59% over the weekend. The drop shows expectations for market calm, although some traders warn that put options offering protection from price losses in BTC are still trading at a premium to calls. Calls dominate volume: The 24-hour volume ranking in options shows increased investor bias for bitcoin calls at strikes $68,000 and $70,000. Ether options show a similar profile.

Token talk