Crypto Markets Today: BNB, AVAX and DOT Lead Futures Trends

Major cryptocurrencies, including bitcoin (BTC), ether (ETH), XRP (XRP), solana (SOL) and others, are trading on the front foot following Wednesday's interest-rate cut by the Federal Reserve. Still, some analysts are maintaining a cautious bias. "The Fed rate cut gave crypto a near-term lift, but the rally is not yet clean," Timothy Misir, head of research, BRN, said in an email. "Institutional flows are supportive overall, yet exchange inflows and a single-day ETF outflow signal distribution into strength." Misir suggested traders use a bitcoin price band of $115,000–$115,500 as the guardrail for tactical risk management. Derivatives Positioning by Omkar Godbole * BNB, AVAX, and DOT have all seen double-digit increases in futures open interest (OI) in the past 24 hours, reinforcing their price gains of 5% to 9%. * BTC's cumulative OI in USD and USDT-denominated perpetual futures continues to drop, diverging from the ascending price. Perhaps derivative traders are not participating in the rally. (Check out the Technical Analysis section.) * BCH, TRX, BNB, BTC, XMR, AVAX, and SUI stand out with a positive open interest-adjusted cumulative volume delta,…