Binance futures trading volume has seen a massive increase across major assets. Meanwhile, Deribit options data indicate that traders are adopting protective strategies, notably through heavy put purchases and large-scale call selling by entities. Together, this suggests that the market is entering a high-volatility phase, where the next move is likely to be large, and options traders are leaning defensively. Sponsored Sponsored Crypto Derivatives Traders Position for Big Move With Futures and Puts Activity The cryptocurrency derivatives market witnessed a notable shift in late November. Futures trading volume surged across all major assets on Binance, the world’s leading cryptocurrency exchange by trading volume. On Sunday, Bitcoin futures reached a trading volume of $48. 4 billion, one of the largest spikes in recent months. Ethereum (ETH), Solana (SOL), XRP (XRP), TRON (TRX), and BNB (BNB) futures also saw concurrent jumps, suggesting coordinated positioning rather than isolated speculation. “When futures wake up like this, it usually means traders are positioning for a much larger move not grinding sideways. Both hedgers and momentum traders are re-entering with size, and Binance is once again where the liquidity rush is happening. The quiet phase is over. Volatility is back on the table,” an analyst wrote. Parallel to the futures activity, the Bitcoin options market is undergoing a noticeable shift. According to Deribit, options flows have “front-run the market moves” in recent weeks, with a strong tilt toward downside protection. A key development is the sudden disappearance of a large call-selling entity widely known as the Call Overwriting Fund (OF). Throughout the summer and into October, this entity consistently sold Bitcoin call options, a strategy typically used by funds and miners to generate yield against long spot holdings. Their absence has removed a major source of volatility suppression, contributing to rising implied volatility. Sponsored Sponsored At the same time, put buying has intensified significantly since Bitcoin traded above $110,000. Traders have been accumulating downside protection in the $102,000 to $90,000 range, rolling their hedges lower as spot prices weakened. At one point, more than $2 billion in open interest was concentrated in the $85,000 to $95,000 strike zone. Recent volumes show continued activity down to the $82,000 and $80,000 levels, with some speculative positioning in far-out-of-the-money strikes as low as $60,000 to $20, 000. This pattern reflects growing caution among funds seeking to protect assets under management amid rising volatility. The combination of reduced call supply, heavy put demand, and higher realized volatility has pushed put skew sharply higher, with 1-month 15-delta puts pricing roughly 20% richer than equivalent calls. The simultaneous reawakening of both derivatives markets tells a compelling story. Futures traders are quickly deploying capital and pushing volumes to new highs, while options participants are implementing hedging tactics. This signals that the market is bracing for a major event rather than settling into a trend. Cryptocurrency analyst The Flow Horse recently emphasized how crypto options markets differ from those in traditional finance. The analyst noted that crypto options tend to be led by sophisticated players, making flow analysis especially useful in forecasting market direction. “One of the reasons I keep telling people to pay attention to the options market is because the flow is often ahead of the spot tape. My theory has been that in crypto, the options market is not crowded with retail the way it is in tradfi, and that it acts more as a filter for the more sophisticated participants,” the analyst said. This perspective is especially relevant now. If options markets reflect the moves of sophisticated capital, strong put protection suggests these investors remain cautious. Combined with elevated futures activity, the derivatives market is primed for an expansion in volatility. Whether this volatility expansion resolves to the upside or accelerates the existing correction remains uncertain. Nevertheless, market participants broadly agree: the calm phase has ended, and crypto’s next major chapter is about to begin.
https://bitcoinethereumnews.com/crypto/what-does-rising-derivatives-activity-mean-for-crypto/
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Canary’s SEI ETF Hits Key Milestone With DTCC Listing
**Canary’s Staked SEI ETF Officially Registered on DTCC Platform**
The Canary Staked SEI exchange-traded fund (ETF) has been officially registered on the Depository Trust & Clearing Corporation (DTCC) platform. While this registration does not constitute approval by the U.S. Securities and Exchange Commission (SEC), it marks a significant operational milestone and is often viewed as a positive sign by market participants.
According to DTCC records, the Canary Staked SEI ETF currently appears under the “active and pre-launch” category. This classification indicates that the ETF is technically set up for future electronic trading and clearing, pending SEC approval. However, it’s important to note that the ETF cannot yet be created or redeemed, meaning it remains non-operational despite its inclusion in DTCC’s system.
This listing is a standard step in the ETF deployment process and is often interpreted as a show of issuer confidence. As one analyst explained:
> “DTCC handles the behind-the-scenes clearing and settling for most US stocks and ETFs. Meaning this puts the SEI ETF into the usual pipeline before it shows up on brokerage platforms. Once the market sentiment turns around, SEI is going to be a big runner.”
Earlier this year, Canary Capital filed an S-1 registration statement to introduce a staked SEI ETF. At that time, the SEC maintained a cautious stance toward staking mechanisms within exchange-traded products. However, the regulatory outlook has since shifted.
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### Regulatory Developments and Clearer Framework for Crypto Staking ETFs
BeInCrypto recently reported that the U.S. Treasury and Internal Revenue Service issued Revenue Procedure 2025-31. This new guidance establishes a clear safe-harbor framework for crypto ETFs and trusts wishing to engage in staking and distribute rewards to investors.
The procedure mandates strict conditions, including:
– Holding only one type of digital asset plus cash
– Using qualified custodians for key management
– Maintaining SEC-approved liquidity policies
– Limiting activities to holding, staking, and redeeming assets without discretionary trading
These guidelines also resolve prior tax ambiguities, potentially paving the way for SEC approval of staking-inclusive products such as Canary’s SEI ETF.
Besides Canary, Rex-Osprey has also filed for a staked SEI ETF. Additionally, 21Shares is seeking SEC approval for an ETF focused on the SEI network, highlighting growing institutional interest in gaining exposure to this ecosystem.
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### SEI Network: Strong Capital Movement Amid TVL Decline
The timing of these ETF developments coincides with notable capital movement within the SEI network. According to Artemis Analytics, SEI currently ranks second in net flows over the past 24 hours, with inflows making up the majority. This suggests that investors are rotating into SEI despite broader market volatility.
Analysts are increasingly optimistic about SEI’s price potential. For example, ZAYK Charts observed that the altcoin is completing another falling-wedge cycle, indicating a possible breakout that could trigger a 100-150% rally.
However, on-chain data presents a more complex picture. Figures from DefiLlama reveal a steep contraction in the network’s total value locked (TVL) during November—the largest decline in nearly two years. Approximately 1 billion SEI tokens have been unstaked, reflecting an accelerated rate of user exits from the ecosystem.
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### Conclusion
In summary, while the Canary Staked SEI ETF’s DTCC listing remains procedural and the product is not yet operational, it represents a meaningful signal that the path toward institutional exposure to SEI is beginning to take shape. This progress occurs against a backdrop of recovering inflows and ongoing challenges within the SEI network, highlighting a nuanced but promising outlook for investors and stakeholders alike.
https://bitcoinethereumnews.com/tech/canarys-sei-etf-hits-key-milestone-with-dtcc-listing/
Crypto Whales Are Buying These 3 Tokens For Gains In November
The first day of the month is already revealing where crypto whales are placing their bets for gains in November. Across several tokens, major players are increasing their positions even as markets remain volatile. What stands out is how whales are moving differently across sectors, from privacy tokens to decentralized exchanges and even SocialFi projects—hinting at where early strength could surface this month.
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### Railgun (RAIL)
Railgun has already crossed above the 50 EMA, confirming a shift toward bullish momentum. The 50 EMA is now approaching the 100 EMA, hinting that another crossover could trigger the next leg of the rally. If that “Golden” crossover completes, Railgun could target $5.01, a key psychological level, followed by $6.79.
However, $3.97 and $3.32 serve as crucial support areas and common rebound bases after rallies. A sustained move below $2.28 would invalidate this bullish structure and suggest that whale accumulation might pause.
For now, though, crypto whales seem convinced that Railgun could be one of the standout bets for potential gains in November.
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### Aster (ASTER)
The second token crypto whales appear to be eyeing for potential gains in November is **Aster (ASTER)**. It is a next-generation decentralized exchange (DEX) built on the BNB Chain, offering both spot and perpetual trading across multiple chains.
After a quiet week in October, the Aster whales have turned active again at the start of November. Over the past 24 hours, whale holdings have increased by 11.98%, raising their total stash to 21.77 million ASTER. This means whales added nearly 2.33 million tokens, worth around $2.3 million.
Even top 100 addresses—the larger “mega whales”—saw a small but steady increase, confirming accumulation across both large and mid-sized wallets. ASTER is up 7% in the past 24 hours, even though it remains down about 10% for the week, suggesting whales might be positioning early for a rebound.
The price action supports that view. The ASTER price is trading inside a pennant-like pattern, a setup that often appears before strong directional moves. A 4-hour close above $1.06 would signal a breakout and could push prices toward $1.09 or even $1.22 if momentum builds.
However, a drop below $0.94 or $0.92 could invalidate the setup, opening room for a decline to $0.85. Since the lower pennant trend line has only two touch points, it remains a weaker support. Still, whales seem to be betting on the upside as ASTER trades closer to its breakout zone.
With growing accumulation and a tightening technical setup, Aster could be one of the stronger crypto whale bets for November gains if the breakout confirms.
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### Pump.fun (PUMP)
While crypto whales snapped up Railgun and Aster in the last 24 hours, their accumulation of **Pump.fun (PUMP)**—a SocialFi project on Solana—has been going on quietly for a full week.
Pump.fun lets users easily create and launch meme coins on the Solana network. It is a trend that has generated significant social buzz and rapid rotations among small-cap traders.
Over the past seven days, whale balances have risen 11.84%, lifting their total stash to 17.13 billion PUMP. This means whales added around 1.81 billion tokens, worth close to $8.1 million.
The increase aligns with steady drops in exchange balances. All of that shows that most purchases are being moved off-exchange—a classic sign of conviction buying.
PUMP is up 10% in the past week and nearly 5% over the past 24 hours, indicating that whales have been buying into strength rather than fading the rally.
On the 12-hour chart, the PUMP price is forming a flag-and-pole pattern, which usually signals a pause before another breakout in the same direction. The token has tested both the upper and lower flag trendlines several times, typical for a volatile new asset consolidating after a rally.
A break above $0.0049 would confirm a bullish breakout, with short-term targets at $0.0053 and $0.0061. Based on the pole’s projection, a full breakout could push PUMP toward $0.0078, marking a 60% potential move.
If momentum stays strong, even the previous all-time high of $0.0088 could come into play. That way, a move beyond $0.0095 would mark a new record.
For now, whales appear to be front-running the breakout, steadily adding exposure while the market awaits confirmation. The bullish trend will lose effect if the 12-hour PUMP price candle closes under $0.0041.
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Crypto whales’ movements this November suggest specific tokens could outperform amid ongoing market volatility. Railgun, Aster, and Pump.fun stand out as key projects where major holders are increasing positions, setting the stage for potential rallies in the weeks ahead. Stay tuned to see if these whale-driven bets pay off.
https://bitcoinethereumnews.com/crypto/crypto-whales-are-buying-these-3-tokens-for-gains-in-november/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-whales-are-buying-these-3-tokens-for-gains-in-november
