The number of derivative contracts still outstanding. Rising open interest means new risk is entering.

Contracts that give the right, but not the obligation, to buy (call) or sell (put) at a strike price.

Options is a market sector used to group crypto assets with similar use or design.

Oracle is a market sector used to group crypto assets with similar use or design.

A charting zone where large orders are believed to have been filled, used in ICT-style crypto TA.

A list of resting bids and asks on an exchange. The engine matches incoming orders against that book.

Over-the-counter trading arranged away from a public book, used by large tickets that would move a screen.

Ondo's tokenized U.S. Treasuries product shorthand used in RWA dashboards.

The target price a stablecoin or wrapped asset is designed to hold.

When perpetual futures trade rich to spot, usually paid by longs via funding.

A futures contract with no expiry. Funding payments keep it near the spot index.

Perpetuals is a market sector used to group crypto assets with similar use or design.

A market that trades event outcomes. Prices are read as implied probabilities.

Prediction Markets is a market sector used to group crypto assets with similar use or design.

When a derivative or listed token trades above a reference spot or net-asset value.

When an ETF or trust trades above the value of its holdings, as GBTC did for years.

How much a trade itself moves the mid price, separate from the standing spread.

A firm that packages custody, leverage, settlement, and OTC for funds so they do not juggle ten exchange logins.

Extra fees to land transactions faster during congestion on Solana or Ethereum.

Privacy is a market sector used to group crypto assets with similar use or design.

Privacy Blockchain is a market sector used to group crypto assets with similar use or design.

Privacy Coins is a market sector used to group crypto assets with similar use or design.

Privacy Infrastructure is a market sector used to group crypto assets with similar use or design.

On-chain exposure to loans or credit funds. Cash flows and defaults still depend on off-chain servicing and legal enforceability.

Evidence about a custodian's reserve assets at a specified time and within a stated scope; it does not alone establish full solvency.

Proof of Stake (PoS) is a market sector used to group crypto assets with similar use or design.

Proof of Work (PoW) is a market sector used to group crypto assets with similar use or design.

A coordinated hype cycle that lifts a thin token so insiders can sell into the rush.

Payment versus payment. Synchronized exchange of two currencies or cash tokens.

Quantum-Resistant is a market sector used to group crypto assets with similar use or design.

Price oscillating between support and resistance without a clear trend.

Real World Assets (RWA) is a market sector used to group crypto assets with similar use or design.

Valuation metric summing each coin at the price it last moved, used in on-chain cycle analysis.

Reusing customer collateral to fund other trades. Common in CeFi lending, dangerous when hidden.

The admin key of a token is sent to a burn address. Helpful, not sufficient. Other hidden roles can remain.

A price area where sellers have repeatedly capped advances.

The thesis that shared security via EigenLayer-style markets becomes a major yield and infra layer.

Individual traders and holders, as opposed to funds, desks, and market makers.

Request for quote. Asking a desk or RFQ DEX for a two-way price on a stated size.

The gain or loss from rolling a futures position as the curve sits in contango or backwardation.

Rollup is a market sector used to group crypto assets with similar use or design.

The Relative Strength Index, a 0 to 100 oscillator that flags stretched short-term moves.

Developers remove liquidity or mint rights and leave holders with an untradeable token.

Real-world assets. On-chain tokens that represent T-bills, credit, property, or other off-chain claims.

The thesis that tokenized Treasuries and credit will onboard traditional assets on-chain.

RWA Protocol is a market sector used to group crypto assets with similar use or design.

Market shorthand for a spot Bitcoin ETF listing. The product holds BTC, not futures.

A token that is a security under applicable law: ownership, debt, or investment-contract rights, usually with transfer restrictions.

The asset in which a contract's realized obligations or profit and loss are paid, which may differ from its quote or collateral currency.

The chance one side delivers and the other does not, classic in cross-border and OTC crypto.

Excess return per unit of volatility. A simple way to compare strategies after adjusting for swing size.

A position that profits if price falls, typically via a borrowed asset or a derivative.

A forced buy-back cascade when shorts are liquidated into a rising tape.

Forced buying of shorts as price rips, often accelerated by thin order books and high leverage.

The difference between the expected price and the fill price, usually worse in thin markets or large orders.

Smart Contract Platform is a market sector used to group crypto assets with similar use or design.

A target defended by incentives rather than a hard 1:1 redemption window.

Solana Meme is a market sector used to group crypto assets with similar use or design.

Spent output profit ratio. Whether moved coins are realizing profit or loss on average.

Posting large orders you intend to cancel to trick others about supply or demand.

Trading the actual asset for immediate settlement, not a future or perpetual.

When spot trades above perps or a basket, often a bullish demand tell.

Earning the bid-ask as a market maker, before inventory and adverse-selection costs.

Stablecoin Issuer is a market sector used to group crypto assets with similar use or design.

Aggregate USDT+USDC+others outstanding. Rising supply is a crude dry-powder signal.

Stablecoins is a market sector used to group crypto assets with similar use or design.

Listing a token with little notice, common in memecoins, high rug risk.

Security token offering. A regulated-style issuance of tokenized securities, contrasted with unregistered ICOs.

A popular but debated model that treats Bitcoin like a commodity whose new supply is small versus stock.

A trigger that becomes a sell (or buy) if price trades through a level, used to cap a losing position.

A price area where buyers have repeatedly shown up and slowed a decline.

A dollar target built from hedges and collateral rather than full cash reserves, such as USDe.

Traditional securities settlement lags. Crypto spot is closer to T+0, which is why ETF in-kind is operationally hard.

A trigger that closes a position once price reaches a chosen gain level.

A scheduled release of previously locked tokens to investors, team, or a treasury.

Investor right to receive tokens later, common in SAFTs and private rounds.

Representing an off-chain claim (bond, fund share, invoice, property interest) as a transferable on-chain token with legal wrapping off-chain.

Tokenized Assets is a market sector used to group crypto assets with similar use or design.

Tokenized Commodities is a market sector used to group crypto assets with similar use or design.

A bank deposit liability represented as a token, distinct from an independent stablecoin issuer.

A mutual fund, money-market fund, or similar vehicle whose shares settle as tokens while the portfolio stays with a traditional custodian.

Tokenized Gold is a market sector used to group crypto assets with similar use or design.

Tokenized Money Market Fund (MMFs) is a market sector used to group crypto assets with similar use or design.

Tokenized Private Credit is a market sector used to group crypto assets with similar use or design.

Tokenized Treasuries is a market sector used to group crypto assets with similar use or design.

On-chain shares of short-term U.S. government debt funds.

On-chain shares or receipts backed by short-term U.S. government debt, popular with crypto treasuries seeking yield.

The supply rules, allocation, distribution schedule, utility, and incentives surrounding a token.

The best bid and best ask only. Thin top-of-book can still hide size behind.

Chart shorthand for crypto market cap excluding BTC and ETH, used to track alt liquidity.