Bitcoin futures rallied 3% overnight, with "futures trading Discord" channels debating correlation breakdown with the Nasdaq. Derivatives data shows rising open interest, which could fuel larger price swings if liquidation levels are hit. Right now, the price is trading at $207.6, ranging back in the ascending triangle that was formed in March this year. Right before Bitcoin crashed and caused one of the biggest liquidation events this year, SOL was trying to touch the $260 resistance, but that didn’t last long. will open more than 1% higher after India announced sweeping tax reforms to lift the economy in the face of a trade conflict with Washington. Russell 2000 futures underperformed large caps, prompting "futures trading Discord" macro traders to track small-cap earnings revisions. Sector rotation data indicates possible shift back to defensive plays.
