Binance status: access issues and outage reports

Problems in the last 24 hours

The graph below depicts the number of Binance reports received over the last 24 hours by time of day. When the number of reports exceeds the baseline, represented by the red line, an outage is determined.

Most Reported Problems

The following are the most recent problems reported by Binance users through our website.

• Website (40%)
• Transactions (20%)
• Mobile App (20%)
• Login (20%)

Live Outage Map

The most recent Binance outage reports came from the following cities:

City	Problem Type	Report Time
Porto Alegre	Transactions	23 days ago
Angers	Login	2 months ago
Itu	Website	2 months ago
Seattle	Website	2 months ago
Nice	Mobile App	2 months ago
Beaucaire	Transactions	3 months ago

Full Outage Map

Community Discussion

Tips? Frustrations? Share them here. Useful comments include a description of the problem, city and postal code.

Beware of "support numbers" or "recovery" accounts that might be posted below. Make sure to report and downvote those comments. Avoid posting your personal information.

Binance Issues Reports

Latest outage, problems and issue reports in social media:

• 
  MagicApe (@MadMagicSOL) reported 6 minutes ago

  @Ducking_Crypto @BinancePk @binance Access to information drives curiosity

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  ArxSato (@ArxSato) reported 6 minutes ago

  🧵 I just tested the new Binance Agent OS and it feels like giving ChatGPT direct access to my Binance account (with permissions you control). Here's how I used it 👇 #BinanceAgentOS @BinanceAngels

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  比特牛 (@_BitBull) reported 8 minutes ago

  @0amLiX @AlphaWireHQ Realio is a separate project, not Binance. Its wallet exploit is a Realio problem, not a Binance hack.

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  Stablecoin Sean (@seanlippel) reported 8 minutes ago

  Hot take: @cz_binance and @binance really do want to list the bull (牛来). I even had a huge cate size bag in it on @Pumpfun app. But KOLs flexing their profits and holdings on Fomo in this case doesn't help. There is no chance they want to be exit liquidity in this spot.

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  R U B Y 🕊️ (@rubyybrown_) reported 11 minutes ago

  @jasmineleee_ @binance More products, more access, more opportunities.

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  NoizMaker 🩸🩸🩸 (@OGX36) reported 11 minutes ago

  @cz_binance @CZ show support to #Wkc wiki cat on bnb chain. The developer has been building on your chain for 4 good years now without support from the binance team. Wikicat is no longer a meme look into it.... thanks

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  Tara (@Tipwotip) reported 15 minutes ago

  @Ron521520 @axisrobotics @BinanceWallet its into some restrictions as I have to login with Binance again so into app

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  Rovi (@Roviweb3) reported 17 minutes ago

  @binance Lol, I saw my BNBCAT chart and started crying. Thanks for following them and liking them, but you didn’t support them. BNB doesn’t stand a chance in this bull market, lol.

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  Cryptrix Labs (@CryptrixLabs) reported 20 minutes ago

  ONT is on the radar but not in play yet — a 4-hour close back above $0.0620 on strong volume is what would flip it into a real setup. The coin just dropped roughly 13% on the day, and price is now trading below the levels most recent buyers paid. That's the kind of structure where every small bounce meets sellers trying to get out flat, which is why chasing here rarely works. Zooming out on the 4-hour chart, there's a clear ceiling near $0.0650 and the next real floor doesn't come in until around $0.0455. That's a lot more room to fall than to rally, and it's the core reason this isn't actionable yet — the map is skewed against the trade. Closer in, the 1-hour chart shows an immediate lid around $0.0604, only about 2% overhead, and the 15-minute chart is printing a small topping pattern on fading participation. Every timeframe is telling the same story: supply on top, no clean base underneath. There are a couple of things working in ONT's favor in the background — money is rotating out of Bitcoin and traders are leaning short, which can fuel a sharp squeeze if buyers step in. But hope isn't a setup. Until price can reclaim $0.0620 on a 4-hour close with real volume behind it, this stays a watch, not a lean. That reclaim is the line that changes the whole read. — 📡 On the Radar · $ONT · Available on Binance

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  Confirm (@confirm_layer) reported 21 minutes ago

  @CournotProtocol @binance @BNBCHAIN payment settlement as a confirmation problem. the agent needs to know the payment cleared before it releases the intelligence. same question every cross-chain service faces: when is "paid" actually final.

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  比特牛 (@_BitBull) reported 21 minutes ago

  @XSeyvion Binance announced this maintenance in advance. It is not a surprise, not a hack, not a chain issue. Routine wallet upgrades happen on every exchange.

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  MRCΛULIMΛN (@mrcauliman) reported 25 minutes ago

  $XRP RUMOR CHECK A real SEC filing is getting passed around tonight like Evernorth just took another major step toward Nasdaq. The document is real. What people are turning it into is another story. Evernorth filed Amendment No. 7 to its Form S-4 on August 25. Evernorth is the Ripple-linked company working toward becoming a publicly traded $XRP treasury through its merger with Armada Acquisition Corp. II. Ripple is connected through Pathfinder Digital Assets, so seeing Ripple Labs on the filing is completely legitimate. But Amendment No. 7 didn’t change the deal. The filing says it was submitted solely to correct a clerical error on the signature page. Ripple Labs was supposed to appear as Pathfinder’s sole member and that signature block had been left out. They fixed it. The actual proxy statement and prospectus weren’t changed. That’s literally what happened. The Evernorth deal is still moving through the SEC process, which is good news on its own. But this amendment isn’t SEC approval, it isn’t the merger closing, and Evernorth didn’t suddenly land on Nasdaq because somebody fixed a missing signature. We don’t need to make it more exciting than it is. There’s another filing making the rounds claiming Ripple could release additional $XRP from escrow if the CLARITY Act passes. The wording actually exists, but it comes from a third-party ETF prospectus, not an announcement from Ripple. It says Ripple “may” release additional $XRP under certain regulatory conditions. That’s worth knowing. It’s not worth turning into “Ripple is releasing more $XRP when CLARITY passes.” Until Ripple says that’s the plan, I’m not calling it Ripple policy. The whale headlines need the same treatment. Around 231M $XRP reportedly moved off Binance in whale-classified withdrawals, the largest reading of its kind in six months. That’s interesting and absolutely worth watching. But moving $XRP off an exchange doesn’t automatically mean whales bought 231M $XRP. It means the assets left Binance. Follow the wallets before you tell people what the owners did with them. I’m also seeing “XRPL officially surpassed 5 billion transactions.” Not from the numbers I can verify. Public dashboards are still showing the cumulative number around 4.5B. I’m not rounding up half a billion transactions because 5B looks better in a post. Now for the stuff that actually checks out. RLUSD crossed $2B in total market cap. Ripple confirmed it. Close to $1B is issued on XRPL, with the rest primarily on Ethereum. That’s a legitimate milestone. No bullshit needs to be added to it. Spot $XRP ETFs also recorded about $23.87M in net inflows on August 25, bringing cumulative net inflows into the area of $1.55B to $1.59B. That’s actual capital moving into regulated $XRP investment products. It doesn’t tell us what the price does tomorrow, but the money is real. The XRPL amendment vote is getting interesting too. fixCleanup3_3_0 is around 27 of 35 trusted validators, or about 77%. It needs 28 of 35 to cross the 80% threshold and begin the required 14-day activation period. It hasn’t crossed yet, and none of the new 3.3.0 amendments are active. We’re close. We’re not there. Evernorth is still working through the process of becoming a public $XRP treasury company. Ripple’s connection is real. RLUSD crossed $2B. Money continues entering spot $XRP ETFs. XRPL is getting close to potentially starting the activation clock on its first 3.3.0 amendment. There’s plenty of real positive news here. Stop trying to turn every filing, transfer and vote into something it isn’t. Amendment No. 7 fixed a missing signature. It didn’t put Evernorth on Nasdaq.

• 
  Binance Customer Support (@BinanceHelpDesk) reported 26 minutes ago

  @SolTheGr8 Hey, please check again if the issue persists. If you have issues from Binance wallet side, feel free to let us know - CN

• 
  Lil Leonis (@0xLeonis) reported 30 minutes ago

  @binance it will go down

• 
  SOLANA WIZARD 🔮 (@00Q__) reported 33 minutes ago

  @0xAvast @binance I'm genuinely interested in working together. 🔥

• 
  Backtesting Arena (@SifuBacktest) reported 33 minutes ago

  Bitcoin's August expiry sits 14% above max pain — the gap is positioning residue, not a magnet $6.37bn of Bitcoin options settle tomorrow, 28 August, at 08:00 UTC on Deribit. The max pain level for that expiry sits at $69,000. Spot is $78,862. That is a gap of roughly 14%. A gap that wide usually gets read as a magnet: price should be pulled down toward the strike where option holders lose the most. It won't be, and the reason is not opinion. It is measurable, and most of it comes down to what max pain actually is. ——— 𝗪𝗵𝗮𝘁 𝗺𝗮𝘅 𝗽𝗮𝗶𝗻 𝗶𝘀 𝗻𝗼𝘁 Max pain is not the strike with the most open interest. It is the minimum of a piecewise-linear loss function computed across the entire option chain — an aggregate that drifts toward heavy open interest but is not itself a concentration point. Treating it as a price level where something is concentrated is the first error. ——— 𝗪𝗵𝘆 𝘁𝗵𝗲 𝗴𝗮𝗽 𝗶𝘀 𝘁𝗵𝗶𝘀 𝘄𝗶𝗱𝗲 Ten days ago Bitcoin traded near $62,000–63,000. The strike ladder for the August expiry was written there. The rally to $79,000 carried spot away from that open interest, and the open interest stayed exactly where it was. The 14% gap is residue from where positions were opened. It is not gravity, and nearly every longer-dated expiry shows the same thing: 4 September sits at $70,000, 25 September at $70,000, 30 October at $70,000, 25 December at $70,000. Six of the eight nearest expiries cluster at $68,000–70,000 while spot trades near $79,000. ——— 𝗧𝗵𝗿𝗲𝗲 𝗿𝗲𝗮𝘀𝗼𝗻𝘀 𝗶𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗮 𝗺𝗮𝗴𝗻𝗲𝘁 𝟭. 𝗗𝗲𝗿𝗶𝗯𝗶𝘁 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 𝗮𝗿𝗲 𝗰𝗮𝘀𝗵 𝘀𝗲𝘁𝘁𝗹𝗲𝗱. European style, settled against the Deribit index at 08:00 UTC, paid out in BTC. Nothing is delivered. An in-the-money call produces no spot purchase at expiry. The mental model where option holders take delivery and move the market simply does not apply to this venue. 𝟮. 𝗗𝗲𝗲𝗽 𝗺𝗼𝗻𝗲𝘆𝗻𝗲𝘀𝘀 𝗺𝗲𝗮𝗻𝘀 𝗻𝗼 𝗴𝗮𝗺𝗺𝗮 𝗹𝗲𝗳𝘁 𝘁𝗼 𝘂𝗻𝘄𝗶𝗻𝗱. A $65,000 call with spot at $79,000 carries a delta near 1. Its hedge has been static for days and no longer responds to price. The same is true in reverse for the puts down there, with delta near zero. The pinning effect that matters at large expiries comes from gamma near the money — 14% away, there is almost none. 𝟯. 𝗢𝗽𝗲𝗻 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗶𝘀 𝗮 𝘀𝘁𝗼𝗰𝗸, 𝗻𝗼𝘁 𝗮 𝘀𝗶𝗱𝗲. The argument that downside hedges get unwound assumes market makers were short those puts and short spot against them, so that expiry forces them to buy back. If clients wrote the puts instead, the sign reverses. Open interest cannot tell you which, and neither can a put/call ratio — tomorrow's is 0.86, September's quarterly 0.52. Those numbers say how much is open, not who holds it. ——— 𝗪𝗵𝗮𝘁 𝟵𝟭 𝗲𝘅𝗽𝗶𝗿𝗶𝗲𝘀 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝘀𝗵𝗼𝘄 Over the last 365 days, 91 Deribit BTC expiries settled. Measuring the distance between spot at settlement and the max pain level for each one: Daily expiries, n=78: median miss 1.60%. Only 29.5% land within 1% of max pain. 61.5% land within 2%. Largest miss 12.35%. Weekly expiries, n=10: median miss 2.42%. Largest miss 16.92%. That is not a magnet. It is a weak average with a wide tail — and the daily class is the only one with enough observations to say anything at all. ——— 𝗧𝗵𝗲 𝗹𝗶𝗺𝗶𝘁 𝗼𝗳 𝗼𝘂𝗿 𝗼𝘄𝗻 𝗱𝗮𝘁𝗮 For monthly expiries specifically, that window contains n=2. Two observations. Our own tool marks the class sample_adequate: false, and it is right to. Two data points support no claim about tomorrow. Worth noting anyway, since it cuts against the popular reading rather than for it: both settled below their max pain level, by 1.74% and 2.05% — the opposite direction from today's gap. Anyone presenting a confident monthly-expiry base rate is working with a sample they should be naming. ——— 𝗪𝗵𝗮𝘁 𝘁𝗵𝗲 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝘀 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗽𝗿𝗶𝗰𝗶𝗻𝗴 DVOL sits at 40.4. Thirty-day ATM implied volatility is 38.8%, with a mildly upward term structure out to 41.9% at 180 days. Calm, no stress. One-sigma ranges from that pricing: Into tomorrow's settlement: $77,200 – $80,500 One week: $74,600 – $83,100 Thirty days: $70,100 – $87,600 For spot to reach $69,000 by 08:00 UTC tomorrow would require −12.5% in roughly 26 hours. Against the volatility the market itself is quoting, that is close to a six-sigma move. The options market is not pricing convergence, and the base rates say convergence is not what happens anyway. ——— 𝗧𝗵𝗲 𝗱𝗮𝘁𝗲 𝘁𝗵𝗮𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀 𝗺𝗼𝗿𝗲 25 September. Quarterly expiry, 144,353 contracts, $11.4bn — nearly double tomorrow's size. Max pain there also sits at $70,000, with a put/call ratio of 0.52. If spot is still in this area by then, the identical setup repeats at twice the scale. That is the expiry worth marking, not this one. ——— 𝗥𝗼𝘂𝗴𝗵 𝘁𝗮𝗸𝗲 Tomorrow's expiry passes without being the driver of anything. Around 80,000 contracts roll off, the book thins out until September builds, and the gap does not close because it was never a pull in the first place. What genuinely changes after 08:00 UTC is that positioning gets thinner for a week or so. That is a real observation. It is also a much smaller one than the headline number suggests. The honest limit: what nobody can read from this data is where the hedges actually sit and on which side. That needs open interest per strike and the direction of dealer positioning. The first is measurable. The second is not, from public data, by anyone. ——— 𝗠𝗲𝘁𝗵𝗼𝗱 𝗮𝗻𝗱 𝘀𝗼𝘂𝗿𝗰𝗲𝘀 Spot from Binance, 27 August 2026, 05:53 UTC. Options data from Deribit, daily snapshot 02:00 UTC. Max pain levels are our own aggregation across the option chain. Base rates cover all 91 finalized expiries in the window 27 August 2025 to 27 August 2026, split by expiry class rather than pooled, because pooling mixes tiny daily expiries with large quarterlies. Ranges are one-sigma under a lognormal assumption and cover roughly 68% of outcomes. They describe what is priced, not what will happen.

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  Sinapis Nikos (@NikosSinapis) reported 36 minutes ago

  @binance Fix the issue with EU !!

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  Naeem khan (@Naeemkh041) reported 36 minutes ago

  @Aslam72174123 @BinanceHelpDesk @binance Almost many creators facing this issue but not solution from team

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  ADD+🐕🌖Bullishbrown♡ (@THAbullishbrown) reported 37 minutes ago

  @crypto_bitlord7 @binance The model doesn't need to own reality. It just needs to understand the problem. Let the kernel own: state. history. permissions. receipts. Then swap the model whenever something better comes along. That makes way more sense to me. study them: 8EeDdvCRmFAzVD4takkBrNNwkeUTUQh4MscRK5Fzpump

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  Kennedy (@royaleluxuryug) reported 38 minutes ago

  @binance Difficulty measures how hard the next block is to mine. What it protects is harder to fake: the deeper the chain, the more work needed to rewrite history. $GLC's been building that depth since 2013

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  maxlevelskitzo (@MaxLvlSkitzo) reported 43 minutes ago

  They tried to kill Monero the only way institutions know how: starve the ticker. Binance delisted it. Kraken dumped EEA users. OKX cut the pairs. By 2025 the count was something like 73 exchange removals. Balances got force-converted. Travel Rule, MiCA, AMLR, 2027 deadlines. The pitch was simple: no order book, no price. Then January 2026 happened. monero:native printed ~$798.That should have been impossible. A coin with shrinking CEX liquidity is supposed to grind down, not make a new ATH while half the market is still licking 2022 wounds. It did it anyway. Now it’s back around $460–$470, ~$8.8B market cap, hashrate still near 5.9 GH/s, tail emission humming at 0.6 XMR a block. The “dead coin” story keeps getting posted. The chart keeps ignoring it. Here’s why suppression stopped working. Exchanges were never the product. They were a convenience layer. Once that layer got ripped off, two things became obvious: the people who need default privacy do not have a substitute, and they will pay for rails that still work. Bitcoin is public. Stables can be frozen. Optional-privacy coins can be herded onto the transparent side or exploited at end point. Monero hides sender, receiver, and amount on every spend. That demand is inelastic. You can delist the ticker. You cannot delist the use case. Liquidity did not vanish. It changed shape. Wallets. P2P. Atomic swaps. Community withdrawals that forced desks to cover. Every delisting was sold as a funeral and functioned more like a migration. Price discovery got uglier. The bid did not leave. The network also does not have the usual kill switches. No company to subpoena into changing the rules. No 20% corporate miner. No “turn shielding off and stay listed.” RandomX still favors commodity hardware. Tail emission keeps miners paid after the main curve. You can pressure venues. You cannot board a protocol that was built to live without them. So the suppression trade is now backwards. Each new compliance wave removes paper XMR from regulated books and concentrates real XMR in hands that already decided they need it. That is not how you bury an asset. That is how you thin the float. Every time I spend Monero I get FOMO. Not because the payment is flashy. Because it just works, and the second it’s gone I want that stack back. Money you can actually use is supposed to feel expensive to part with. They can keep taking it off exchanges. They already did. It still cleared $798. That’s the tell.

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  The Block (@TheBlockCo) reported 45 minutes ago

  THE BLOCK: Mysten Labs co-founder Kostas Chalkias said he is advising Havenex, a new institutional-grade exchange whose Series A is underway and expected to close soon. He said the exchange is not another Coinbase or Binance but instead focuses on infrastructure that allows financial institutions to offer digital and traditional assets.

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  Hyblock (@hyblockcapital) reported 47 minutes ago

  Most people think short liqs is what fuels a move up. and our research show that when in bull regime that is indeed true (median / mean forwards returns are positive which implies squeeze and continue). but more interestingly, long liquidations show how sustainable the move actually is (does it still have legs to run). to understand if the bullish trend still has strength you want to look to answer questions like: 1. is a small 50-100 bps move down still triggered long liquidations, like it did at the start of the move? 2. what does the p95, p99, p99.9 long liqs look like. is the size decreasing (severity) and/or is the frequency decreasing? we just saw a green 1 minute candle binance perp. from high to low it was approx 40bps. and while it makes sense that it triggered short liqs, it also triggered 1 singular long liquidation for $292k. a 40 bp green candle triggering a 292k long liq. safe to say that long liqs are still very active.

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  Nas (@TheNasFi) reported 47 minutes ago

  I think people are underestimating what YZi Labs has quietly done with $BNC. They launched an activist campaign to replace the company's leadership. They never completed it. They didn't need to. YZi ended up getting 3 board seats, putting its own people into both the board and management, and securing a major role in choosing the next CEO. The agreement required the new CEO to be selected by the earlier of the 2026 annual meeting or August 31. The annual meeting happened on July 22. No CEO was appointed. So the deadline has technically already passed, while YZi remains deeply embedded in both the board and management. And remember what they now have influence over: 515,544 $BNB. This is starting to look a lot like a quiet takeover of $BNC's direction. Which i strongly support, no one can do better for $BNC and $BNB than YZi Labs or Binance.

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  ClSamm | The Architect (@cl_samm) reported 52 minutes ago

  @jany268 Start with Axis Hub secure Binance Wallet login

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  Web3探宝 (@Web3_Treasure) reported 52 minutes ago

  @BenjaminRedx8 Important reminder. Binance support will never ask you to send crypto, pay a fee, or share your password or 2FA codes. Anyone doing that while claiming to be Binance is a scammer.

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  Jason_Grace (@zenhau0) reported 54 minutes ago

  @MikeBlock07 @binance @BinanceAcademy Understanding products and risks matters more than simply having access.

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  smartmate (@QuantVault) reported 56 minutes ago

  Quant Analayis: Market Briefing — Thu 27 Aug 2026, 17:30 UTC Headline: the squeeze worked, then stopped being a squeeze. The 08:00 candle did what the morning read said it would. What has happened since is the part worth your attention: BTC is 1% higher than it was eight hours ago and has been net sold on both spot and perps the entire way up. PRICES (BINANCE PERPS) BTC Last: $80,764 24h: +3.0% 7d: +11.1% Since 19 Aug: +25.3% vs 5d high: −0.63% ETH Last: $2,526 24h: +2.8% 7d: +7.9% Since 19 Aug: +32.1% vs 5d high: −1.61% SOL Last: $109.19 24h: +12.7% 7d: +24.9% Since 19 Aug: +41.5% vs 5d high: −0.66% HYPE Last: $85.44 24h: +6.2% 7d: +16.4% Since 19 Aug: +46.0% vs 5d high: −0.06% Breadth is 19/19 green, median +5.2%. BTC.D 59.2%. Nothing is down today. WHAT ACTUALLY HAPPENED Two legs, and they are not the same trade. 08:00 UTC — the squeeze. BTC printed $1.57bn in one hour (3.35x its usual 08:00 volume) with +$227M of aggressive buying. ETH did $1.70bn (4.23x), SOL $436M (4.57x). Liquidations were almost entirely shorts: BTC 89% short, SOL 88%, ETH 71%, HYPE 94%. That leg was real and it was mechanical. 09:00–12:00 — it failed. BTC gave back the whole move, $79,958 → $79,247, on negative CVD every hour. ETH dropped 1.22% in the 10:00 hour alone on −$183M of selling. If the 08:00 break had had spot behind it, that retrace does not happen. 13:00–17:00 — the grind. BTC has walked from $79,493 to $80,764. But the last hour made its high on 0.82x median volume, and across the whole 8-hour stretch BTC perp CVD is −$29.8M and spot CVD is −$55.2M. Both negative. The entire +$379M of 24h perp buying was earned in the squeeze hour and nothing since. Price up, flow down, volume falling. That is a market being marked up, not bought. POSITIONING IS AT RECORDS — AND COSTS NOTHING TO HOLD This is the combination that stands out. • Open interest is at the top of its 30-day range: BTC 99th percentile ($18.1bn, +4.4% on the day), SOL 100th percentile and +25.7% in 24h, ETH 96th, HYPE 88th. Aggregate across 25 names and 4 venues: $40.9bn. • Funding is below baseline almost everywhere. BTC averages 4.8% annualised against the 10.95% flat-baseline; ETH 3.3%, XRP 1.2%, DOGE 3.0%. Only ZEC (23%) and XMR (25%) are hot. • 3m basis is calm: BTC 4.72%, ETH 3.38%. Curve flat. This is unlevered carry — nowhere near the 10%+ that marks a crowded book. Record positions that nobody is paying up to hold. Read it either way, but read it honestly: it means the marginal long is cheap-funded and therefore cheap to unwind. THE ONE THING THAT DOESN'T FIT The options market changed its mind before the level broke. At 09:40 this morning BTC 1-month 25-delta skew was −6.4 (puts bid) — the morning brief flagged that as the tell, and said a break of $81.3k with puts still bid would be a squeeze the options market didn't believe in. That is not what happened. BTC never cleared $81,270. But skew is now +2.8 (calls bid), ETH +3.3. A ~9-vol flip in eight hours, into a level that has not yet broken. The disbelief that would have powered the move through is gone; the people paying for downside this morning are paying for upside this afternoon. DVOL is up with it — BTC 41.6 (+1.5), ETH 57.1 (+1.5) — while realised sits at 37.5% and 50.9%. Implied is over realised on both (VRP +2.9 and +3.9 vols). Vol is being bought at a premium into a tape whose volume is falling. Caveat: I can reproduce today's skew from the live Deribit chain, but not this morning's −6.4 print — Deribit serves no historical surface. Treat the size of the flip as directional, the current level as measured. SPOT FLOW — WHO IS ACTUALLY BUYING Not the same names. BTC Perp CVD 24h: +$379M Spot CVD 24h: −$92M Coinbase prem: +0.6bp ETH Perp CVD 24h: +$180M Spot CVD 24h: +$20M Coinbase prem: −0.3bp SOL Perp CVD 24h: +$107M Spot CVD 24h: +$62M Coinbase prem: −3.7bp HYPE Perp CVD 24h: +$64M Spot CVD 24h: n/a (no taker split) Coinbase prem: +8.2bp BTC spot is a net seller into perp-led strength. SOL and HYPE are the only names with genuine two-sided demand — SOL spot +$62M, HYPE at an 8.2bp Coinbase premium and printing a fresh high as of this hour. ETH is the laggard: ETH/BTC is −0.24% on a day when everything else is up, and its basis curve is inverted (1m 4.45% over 3m 3.38%) — near-term leverage demand with no term conviction behind it. REFERENCE BTC $1.62tn · ETH $305bn · BNB $95bn · XRP $92bn · SOL $64bn · HYPE $19bn. Stablecoins $282bn, 10.35% of total cap, all pegs within 4bp. Total cap $2.73tn (+0.76%). Hyperliquid carries 21.9% of the $40.9bn OI we track — and 71% of HYPE's own OI. NET The short squeeze happened and is finished — 88-94% of today's liquidations were shorts, so that fuel is spent. What is holding the tape up now is not buying; BTC's last eight hours are negative flow on both spot and perps with volume decaying into the high. SOL and HYPE are the only two names where the move is paid for: real spot demand, the biggest OI builds (SOL +25.7%, 100th percentile), and in HYPE's case a US premium. If you want exposure to this tape, that is where it is actually being bought. BTC is the one to be careful with. Record OI, spot distribution, falling volume, and an options market that flipped to chasing calls before $81.3k gave way. Cheap funding says there is room; it also says nobody is committed. The level that matters is unchanged at $81,270 — but the reason to want it has weakened, not strengthened, since this morning.

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  ꧁༒Triple S༒꧂ (@Shuvando) reported 58 minutes ago

  @rab4745 @binance no problem agen come back

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  shanu (@0xShanu) reported 58 minutes ago

  @DarthTrader0x binance cartel working extra hard