$ASTER hit the target exactly as expected
I previously mentioned a potential rise with a target around 0.69
And the price action played out perfectly
reaching the target. ✅
$BTC Update 👇
I predicted this move earlier, mentioning that a short-term pullback towards 68.7K was possible
It retraced exactly as expected
And now we’ve seen the perfect move up
As I said if the structure holds it’s simply a healthy retrace, not a reversal.
Everything has played out perfectly.
Not all market share is equal
Q1 made that clear.
I wasn’t really looking for who’s “number one” when I went through the @coinglass_com data
What I wanted to understand was this ⬇️
When things slow down… where does serious capital actually stay?
Because that’s where the signal is
@binance processed $4.90T in derivatives volume in Q1
That’s a big number
But what caught my attention more was the gap running at roughly 2.2× the scale of the next platform while also leading in:
→ Open interest
→ Liquidity depth
→ User-held capital
That combination is rare tbh
Usually platforms lead in one or two areas.
Not all of them at once.
The more interesting part came from spot
The overall spot market dropped by 23% between January and March.
Naturally, you’d expect leaders to lose share in that kind of environment.
That didn’t happen.
→ Market share moved up to 35.4%
→ $639.9B in quarterly volume
Which tells me this wasn’t just about activity
It was about preference
Now look at where the money actually sits
→ $152.9B in user assets
→ 73.5% of total reserves across major exchanges
This is the part most people underestimate.
Volume can rotate quickly
Capital doesn’t
Where people leave their money is usually the clearest indicator of trust.
Then comes positioning
→ $29.9% share in open interest
→ Peaks around ~$32.1B
This isn’t casual flow lol
This is leveraged exposure, directional bets, and capital that’s actively engaged in the market
And it’s clustering in the same place.
Execution explains a lot of it
Liquidity depth across BTC and ETH markets both spot and futures continues to lead.
Which matters more than people think.
Because size doesn’t care about branding.
It cares about execution without slippage.
Let���s conclude ⬇️
Q1 didn’t show who’s popular
It showed where the market becomes selective
Less noise. Fewer platforms. More concentration
And when you look at it that way, the data reads very differently.
Not bluffing, not favoring
Just stating what the data shows.
And data doesn’t lie.
My Take on Q1 2026 Market Structure 👇
I went through the Q1 2026 data from CoinGlass and the takeaway is simple:
This quarter was about consolidation
When markets slow down or become uncertain, capital doesn’t disappear
It becomes selective.
It moves toward platforms that offer reliability, execution, and trust at scale
Q1 2026 reflected exactly that behavior.
It moved toward reliability
And that shift clearly favored @binance
▸ Full-Stack Leadership
Binance led across every core metric, not just one.
$4.90T in derivatives volume with a 34.9% share, roughly 2.2× ahead of the next platform.
At the same time, it maintained leadership in open interest, liquidity depth, and capital retention
▸ Growing While the Market Shrinks
Spot volumes dropped 23% from January to March.
Yet Binance’s market share increased to 35.4%.
Total Q1 spot volume came in around $639.9B, with ~$7.19B average daily.
Liquidity didn’t disappear. It concentrated.
▸ Capital = Trust
Binance holds $152.9B in user assets.
That’s 73.5% of total Top 10 exchange reserves.
In crypto, where users store funds is the strongest signal of trust.
Conviction Through Open Interest
Binance holds 29.9% open interest share, averaging ~$23.9B daily
Peak reached ~$32.1B, about 2.2× higher than the next major platform
This reflects active conviction, not just activity
When a platform consistently ranks first across all four it’s no longer a single-metric advantage
It becomes structural dominance
▸ Execution Matters
Liquidity depth remains a key advantage.
$BTC futures depth at $284M, leading across BTC and ETH spot and futures markets
For large players, this means better execution with lower impact.
After another action-packed cohort of the Web3 Masterclasses, where early stage founders go from idea → proof of concept on Algorand, we wrapped up with our 2nd pitch competition.
Here are the 7 winning projects that stood out for their innovation, impact, and Web3 potential 👇