Glassnode: Open interest across major altcoins has surged to an all-time high of $47B.
This concentration of leverage elevates reflexivity, amplifying both upside and downside price reactions and increasing fragility in market structure. Source: Glassnode
Robinhood $HOOD July 2025 metrics
+160K funded accounts +$298B Assets under Custody (AUC), +106% YoY +$6.4B in net deposits, +28% YoY +$33.6B in cash sweep, +54% YoY +$209B in equities trading volumes, all time high +$196M option contracts traded, all time high +$16.8B crypto volumes, +217% YoY +$11.4B margin balances, +111% YoY Absolutely incredible execution. Source: amit @amitisinvesting $HOOD
US small-caps are breaking higher in a substantial factor rotation.
As highlighted by Andreas Steno Larsen on X, being short Russell 2000 index is a very crowded trade. A short-squeeze in the making?
Isn't this the time of year when volatility typically picks up?
Source: Lance Roberts
Breaking out to new highs.
Like the sell-off never even happened. $SPY | $QQQ Source: Trend Spider
The S&P 500 closed at another all-time high, its 16th of the year.
This follows 57 all-time high in 2024, the 5th most of any year in history. $SPX Source: Charlie Bilello
HedgeFunds have now built the largest short position in small cap stock futures in history
Source: barchart
Gold had its worst day in 3 months
Source: Barchart
