The Geometry of Leverage: Why $1 Trillion in Perpetual Volume Didn't Move Bitcoin
The on-chain perpetual market just recorded a monthly volume of $1 trillion....
Investment Research
•
CryptoCat
•
2026-07-04
Market Prices
BTC
Bitcoin
$64,660.2
+3.15%
ETH
Ethereum
$1,877.04
+4.93%
SOL
Solana
$77.37
+3.02%
BNB
BNB Chain
$578
+1.42%
XRP
XRP Ledger
$1.11
+3.57%
DOGE
Dogecoin
$0.0737
+2.22%
ADA
Cardano
$0.1643
+3.59%
AVAX
Avalanche
$6.66
+2.91%
DOT
Polkadot
$0.8510
+0.88%
LINK
Chainlink
$8.35
+5.30%
Event Calendar
202618
03
unlock
Sui Token Unlock
Team and early investor shares released
30
04
upgrade
Celestia Mainnet Upgrade
Improves data availability sampling efficiency
15
04
halving
Bitcoin Halving
Block reward reduced to 3.125 BTC
10
05
upgrade
Ethereum Pectra Upgrade
Raises validator limit and account abstraction
08
04
upgrade
Solana Firedancer
Independent validator client goes live on mainnet
28
03
unlock
Arbitrum Token Unlock
92 million ARB released
12
05
halving
BCH Halving
Block reward halving event
22
03
unlock
Optimism Unlock
Circulating supply increases by about 2%
Tools
All →Popular Categories
Altseason Index
44
Bitcoin Season
BTC Dominance
Altseason
Market Cap
All →| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$64,660.2 |
| 1 |
Ethereum
ETH
|
$1,877.04 |
| 1 |
Solana
SOL
|
$77.37 |
| 1 |
BNB Chain
BNB
|
$578 |
| 1 |
XRP Ledger
XRP
|
$1.11 |
| 1 |
Dogecoin
DOGE
|
$0.0737 |
| 1 |
Cardano
ADA
|
$0.1643 |
| 1 |
Avalanche
AVAX
|
$6.66 |
| 1 |
Polkadot
DOT
|
$0.8510 |
| 1 |
Chainlink
LINK
|
$8.35 |
🐋 Whale Tracker
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1d ago
Out
48.98 BTC
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5m ago
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155.58 BTC
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0xd301...7401
6h ago
In
2,345,747 USDT
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