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What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 19th November 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Bitcoin Holds Steady; Traders Take A Deep Breath
Bitcoin held steady for 24 hours. Markets aren’t quite rejoicing but the drain-adjacent downward swirling seems to have halted. As of 9:39 a.m. (EST), BTC was $91,539.51, up 0.1% versus one day ago, per CoinGecko. A few altcoins were staging “what the heck” rallies, including Zcash, Cronos and Starknet.
The latter, a layer-2 protocol focused on Bitcoin staking, saw its native STRK put on an additional one-third of its body weight in just the past day. STRK now has a market capitalization of about $1.2 billion. Via Starknet, BTC stakers delegate tokenized BTC to Starknet validators in exchange for STRK rewards. Federally chartered Anchorage Digital Bank is in the midst of expanding its STRK-supported BTC staking activity (Coinspeaker).
What's down
Rocky Stretch Leaves Its Mark
To recap what has gone down in crypto since the middle of last week, it’s been like a demolition derby staged on a half-submerged steel barge listing in rough seas.
Bitcoin is down 13% since last Wednesday. No. 2 Ethereum fell 15%. Cardano lost 20%. The biggest loser among the Top 100 coins is Solana-run launchpad Pump.fun which saw its native PUMP token lose a full one-third of its value in the past week. PUMP now has a market cap of $1.8 billion, according to CoinGecko.
What's next
Options Realm Leans Bearish
Only a few weeks ago, on options exchange Deribit, the distribution of open interest in Bitcoin skewed bullish, with the $140,000 call option being the most popular play. Now, as CoinDesk points out, the most popular play is the $85,000 put option.
Put contracts, which allow holders to sell an asset at a guaranteed price within a specific time period, and even if the market has fallen lower, are now setting the pace in terms of open interest. ”Traders are increasingly buying put options for downside protection,” CoinDesk said.
BTC has shed one-fourth of its value since the first week of October.
Going back to late last year, traders have been pursuing up-up-up moves by piling into call options, which allow traders to buy an asset at a guaranteed price. Up until recent weeks, the $140,000 call was the most popular bet on Deribit, with notional open interest usually hovering above $2B.
Nowadays, the $140K strike-price call has open interest of $1.6B. As for the $85K put play, it now dominates open interest, routinely around $2B. “Puts at $90K strikes and $80K strikes also now eclipse the $140K call,” CoinDesk said.
