Ledger adds Bitcoin-backed loans via Morpho
Morpho (MORPHO)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Ledger has introduced Bitcoin-backed borrowing through Morpho in its wallet app, allowing eligible users to pledge cbBTC or wBTC for USDC or USDT loans. The company announced in a press release dated Oct. 7 that Crypto Loan would begin a gradual rollout.
How the market reacted
Whalio's own Binance spot order flow for MORPHO, measured when this story was written up on 7 October 2026. Not the outlet's figures.
Morpho is trading at $2.69 with strong immediate buying pressure, as the 1-hour buy ratio stands at 62.2% compared to 57.1% over the last day. This short-term surge is supported by a positive volume delta of +$13,538 in the last hour, indicating net inflows. Over four hours, the buy ratio is 57.2% with a volume delta of +$76,746, showing sustained but slightly less intense buying than the immediate hour. The 24-hour volume delta of +$486,012 and a cumulative volume delta of +$751,245 confirm that buyers have dominated the market for 23 of the last 24 hours.
The latest daily buy ratio of 49.7% sits at the 38th percentile of the last 322 days, against a median of 51.0% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for MORPHO, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 50.1%, making today’s 24-hour ratio of 57.1% an unusual spike of 7.0 points above the norm. While the 24-hour spot volume of $3,475,178 represents only 0.76x the weekly average volume, the price has risen 8.8% over eight days. The total volume delta for the week was +$477,599, with net buying occurring on only 3 of the 7 days, contrasting with today’s near-continuous buying activity.