Crypto Roundup Nov 3: BTC Falls to $77,090, ARIA Jumps 44%, AKE Sinks 37%
Bitcoin dropped 1.59% to $77,090, ARIA surged 44.60%, and AKE crashed 37.03% with an extreme -0.5587% funding rate.
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Bitcoin traded at $77,090 on Tuesday morning, November 3, 2026 at 09:05 WIB, down 1.59% over 24 hours on $9,142 million in volume on Binance's USDT-M futures market, according to data compiled by OpenTrades News. Ethereum slipped 1.44% to $2,255.9 on $7,000 million in volume, while most large-cap crypto assets traded in the red this morning.
SOL posted the steepest decline among the five major assets, falling 2.66% to $92.30 on $1,658 million in volume. BNB dropped 2.13% to $698.54. XRP held up best, down just 0.32% to $1.2505, a much lighter loss than the other large caps.
Bitcoin and Ethereum Decline in Tandem
The BTC and ETH pullback looked fairly uniform, both down in the 1.4% to 1.6% range with no standout divergence between the two. Bitcoin's $9,142 million in 24-hour volume shows liquidity stayed thick despite the price drop, and the same holds for ETH at $7,000 million. A synchronized decline in the two largest assets like this usually points to broader macro sentiment or outflows across crypto generally, rather than an issue isolated to one coin.
ARIA Surges 44.60%, AKE Crashes 37.03%
Outside the top five assets, the most extreme moves happened in smaller-cap altcoins. ARIAUSDT led gainers, jumping 44.60% over 24 hours on $281 million in volume, a sizable amount for a token outside the top tier. EVAAUSDT followed with a 21.43% gain on $101 million in volume, then HOTUSDT rose 10.98% on $134 million, LYNUSDT climbed 7.42% on $132 million, and TRXUSDT edged up 2.28% on $72 million.
On the losing side, AKEUSDT suffered the worst drop, plunging 37.03% on $179 million in volume. IDOLUSDT fell 30.47% on $276 million in volume, larger than AKE's turnover, suggesting particularly heavy selling pressure in that token. BEAMXUSDT dropped 20.08% on $73 million, UAIUSDT fell exactly 20.00% on $56 million, and ESPORTSUSDT sank 16.26% on $223 million.
Extreme Funding Rates in ARIA and AKE
Funding rate is a periodic payment, typically every 8 hours, exchanged between long and short traders in perpetual futures contracts. Exchanges use this mechanism to keep the futures price anchored close to spot. When funding is positive, longs pay shorts, signaling capital is piled up on the long side. When funding is negative, the opposite happens, shorts pay longs.
Today ARIAUSDT recorded the most positive funding rate in the market at 0.0702% per 8 hours, consistent with its 44.60% price surge. That means a large number of traders are holding leveraged long positions in the token and paying a premium to shorts every eight hours. ESPORTSUSDT at 0.0455% and JCTUSDT at 0.0379% rounded out the most positive funding list.
On the opposite end, AKEUSDT posted the most negative funding rate at -0.5587% per 8 hours, far more extreme than the other two negative entries in the market. That figure lines up with AKE's 37.03% price crash, showing shorts dominate positioning and are being paid by the remaining longs still holding on. HOTUSDT at -0.1673% and QUSDT at -0.0146% completed the list of the most negative funding rates.
Open Interest and Long-Short Ratios for BTC and ETH
Open interest (OI) is the total value of futures contracts still outstanding, not yet closed by traders. It's a gauge of how much capital sits parked in the derivatives market for a given asset, and changes in it show whether traders are adding or trimming exposure.
BTCUSDT open interest stood at $7.60 billion, down 0.6% over the past week. That modest decline suggests some traders have been closing or reducing positions, though the move isn't dramatic yet. ETHUSDT open interest fell more sharply, down 3.8% over the week to $5.26 billion, pointing to more visible deleveraging in Ethereum than in Bitcoin.
On positioning direction, account data for Bitcoin shows 73% of accounts trading BTCUSDT are long, with a long-short ratio of 2.65, meaning for every one short account there are 2.65 long accounts. The exact same pattern shows up in Ethereum, 73% long accounts with a 2.68 ratio.
This account ratio needs careful interpretation. A majority of long accounts doesn't necessarily mean a majority of capital sits on the long side, since one institutional account could hold a short position worth more than hundreds of retail accounts each holding small longs. But paired with shrinking open interest, the pattern suggests plenty of retail traders remain confident holding longs even as prices correct.
Taker Buy/Sell: Who's More Aggressive
The taker buy/sell ratio measures the split between buy-side and sell-side volume from taker orders, meaning market orders that pull liquidity directly from the order book. A ratio above 1 means aggressive buy volume outpaced aggressive sell volume over that period.
Yesterday, BTCUSDT's taker buy/sell ratio came in at 1.02 and ETHUSDT's at 1.05. Both sit above 1, indicating buyers were still slightly more aggressive in taking liquidity than sellers, even though both assets' prices ended lower over the past 24 hours. This combination of falling prices alongside a taker buy/sell ratio above 1 commonly happens when a chunk of the selling pressure comes from limit orders or automatic liquidations rather than manually executed market sell orders.
What it means for traders
Traders holding BTC or ETH positions can use $77,090 and $2,255.9 as reference prices from this data snapshot and track how price moves after 09:05 WIB. The shrinking open interest, down 0.6% for BTC and 3.8% for ETH over the week, is worth watching; if deleveraging continues alongside further price weakness, it could signal leveraged positions are being flushed out of the market.
For ARIA and AKE, the extreme funding rates on both ends, 0.0702% and -0.5587%, flag a risk of sudden reversals since holding costs become expensive for whichever side dominates. Traders interested in these high-volatility tokens need to factor in the 8-hour funding cost, not just the price action on screen.
The 73% long account ratio in both BTC and ETH is also worth monitoring. If prices keep falling while most accounts stay long, there's a risk of further long liquidations if support near current price levels gives way. On the other hand, the taker buy/sell ratio staying above 1 in both assets suggests there's no sign yet of large-scale panic selling coming from market orders.
Sources
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