Our latest figures show a modest contraction in liquidity as stablecoin supply retreats, risk appetite stays low with the Fear & Greed Index in fear territory, and leveraged futures funding remains firmly positive. Together these metrics suggest a cautious market stance.

Stablecoin supply drops to $296.8 B

The total supply of dollar‑, euro‑ and other stablecoins stands at $296.8 billion as of November 4, 2026. That is a 2.1% decline week‑over‑week (‑$6.5 billion) and a 3.9% drop over the past 30 days. The decrease is unusual and points to a contraction in on‑chain liquidity.

Stablecoin supply, last 90 days $296.8B
$309.6B$296.8BAug 7Sep 21Nov 4Data: DefiLlama, computed by COINMAG.

Fear & Greed Index at 34, indicating fear

The Crypto Fear & Greed Index reads 34, classified as Fear. It has fallen from 51 a week ago and from 70 a month ago, showing a clear shift toward risk aversion. The index’s movement reflects broader market sentiment.

Fear & Greed Index, last 30 days 34
7326Oct 6Oct 21Nov 4Data: alternative.me.

Fear & Greed Index today

DeFi TVL at $82.6 B

Total value locked across DeFi protocols is $82.6 billion on November 4, 2026, down 3.7% over the last week. The metric remains below its all‑time highs but shows no new record movement, indicating a routine adjustment.

DeFi apps ranked by deposits

Bybit futures funding rates average +9.8%

Perpetual futures on Bybit carry an annualized funding rate of +9.8% on average, meaning longs are paying shorts. Five of the 39 markets have negative funding. The most extreme rates are XMR at +23% and TRX at –23%, with several assets around +11%.

Most extreme funding rates, annualized
  • XMR23%
  • TRX−23%
  • PEPE11%
  • ADA11%
  • BCH11%
  • BNB11%
Bybit perpetuals with over $20M open interest. Computed by COINMAG.

Live funding rates

Bitcoin dominance at 59.4%

Bitcoin’s share of the total crypto market value is 59.4% as of the latest snapshot. The overall market cap sits at $2.64 trillion, up 0.4% in the past 24 hours. The dominance figure is stable and shows no notable shift.

Crypto market heatmap

Top DeFi apps see double‑digit deposit outflows

Among DeFi applications with over $300 million in deposits, USDD (lending) fell 12.9% to $1.0 billion, Grove Finance (yield) dropped 10.8% to $1.2 billion, Marinade (staking) slipped 10.4% to $0.6 billion, and Bittensor dTAO (DEX) declined 10.3% to $0.4 billion over the past week.

Biggest 7-day deposit changes, apps over $300M
  • USDD−12.9%
  • Grove Finance−10.8%
  • Marinade−10.4%
  • Bittensor dTAO−10.3%
Data: DefiLlama, computed by COINMAG.

USDD: deposits, chains and news

Today's numbers at a glance

  • Stablecoin supply drops to $296.8 B
  • Fear & Greed Index at 34, indicating fear
  • DeFi TVL at $82.6 B
  • Bybit futures funding rates average +9.8%
  • Bitcoin dominance at 59.4%
  • Top DeFi apps see double‑digit deposit outflows

We will keep an eye on stablecoin supply trends and funding rate dynamics for any signs of shifting liquidity or leverage.

Data: DefiLlama, alternative.me, Bybit and CoinGecko, collected and computed by COINMAG. Charts may be reused with a link to this page. This is not financial advice.