Pyth Network Cites Coinbase in Derivatives Market Push
Pyth Network (PYTH)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Coinbase is driving the derivatives market forward by emphasizing the need for evolving infrastructure. This perspective was shared in a recent tweet by Pyth Network, which highlighted the exchange's active role in this space. As these markets continue to evolve, traders are expected to see significant changes in the landscape.
How the market reacted
Whalio's own Binance spot order flow for PYTH, measured when this story was written up on 23 September 2026. Not the outlet's figures.
PYTH is currently trading at $0.06730 with a 24-hour spot volume of $9,588,492. The 1-hour buy ratio sits at 49.0%, while the 4-hour ratio is higher at 54.5%, indicating that buying pressure is building over the medium term compared to the immediate hour. However, the 24-hour buy ratio has dipped to 47.9%, suggesting that buying pressure is fading over the full day. The 1-hour volume delta is -$1,657, meaning more money flowed out than in recently, whereas the 4-hour delta is positive at +$74,927, showing net inflows over that longer window. The 24-hour volume delta is -$395,749, confirming that sellers dominated the day's flow despite the recent 4-hour uptick.
The latest daily buy ratio of 52.9% sits at the 87th percentile of the last 322 days, against a median of 49.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for PYTH, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 49.8%, making today's 24-hour ratio of 47.9% slightly below the norm by 1.9 points. Volume was 3.24 times the average, marking this as an unusually active day compared to typical trading patterns. The price rose 27.6% over eight days, yet the total volume delta for that period was -$449,705, indicating that despite the price surge, net selling pressure exceeded buying pressure over the week.