Optimism (OP) news: what is happening today
Market summary from our own Hyperliquid data · updated 2026-07-25 04:14 UTC
Optimism falls 13.02% in a month, as our model stays defensive
Optimism is down 13.02% over a month. What follows is what sits behind that move: large-wallet positioning, derivatives, our own model and publisher headlines.
What matters on Optimism right now?
Our own rules-based model reads Optimism at 20/100, which is SELL territory. What stands out right now:
- MACD turned bearishMACD turned bearish, with price below the 50-day average.
- The whale book is crowded short39% of active large-wallet money is positioned short — $974 K against $1.5 M across 47 wallets.
- Leverage is paying up to stay positionedFunding runs at 38.67% a year — shorts pay longs, with $3.8 M of open interest.
What does the Optimism data show?
1. MACD turned bearish
MACD flipped bearish: the fast average of price pulled below the slow one, which is the earliest of the trend signals we track and the noisiest. Market structure is still making lower highs and lower lows. The most recent daily candle pattern is three black crows. RSI (14) is 37.1.
2. The whale book is crowded short
39% of active large-wallet money on Optimism is positioned short right now: $974 K long against $1.5 M short, spread over 47 wallets on Hyperliquid. A one-sided short book presses on price, but it is also the raw material for a squeeze: shorts must buy to close, and they all buy at once. These are open positions read from the chain, not opinions, and they change daily.
3. Leverage is paying up to stay positioned
Perpetual funding runs at 38.67% annualised, so shorts are paying longs to keep their positions open. Funding is a crowding tax: the more one-sided the book, the more it costs to stay on that side, and the more likely the weakest hands there get squeezed out. Open interest stands at $3.8 M — that is the size of the leveraged book that has to be closed eventually.
What has already happened to Optimism?
July 2026
- OP’s MACD crossed into bearish territoryMACD line against its own signal line on closed daily candles
June 2026
- OP’s MACD crossed into bullish territoryMACD line against its own signal line on closed daily candles
- Optimism closed at a 180-day low of $0.09356Previous trough of the 180-day window $0.09766, undercut by 4.20%−4.20%
- Optimism closed at a 180-day low of $0.09766Previous trough of the 180-day window $0.1019, undercut by 4.17%−4.17%
Show the earlier history (36 more entries)
May 2026
- Optimism moved +16.07% in a day, 3.7× its 30-day volatility30-day standard deviation of daily returns 4.31%+16.07%
- OP traded $3.1 M, 4.3× its 30-day median volume while price moved +16.07%30-day median volume $723 K+16.07%
April 2026
- OP’s MACD crossed into bearish territoryMACD line against its own signal line on closed daily candles
March 2026
- OP’s MACD crossed into bearish territoryMACD line against its own signal line on closed daily candles
- Optimism closed at a 180-day low of $0.1040Previous trough of the 180-day window $0.1085, undercut by 4.22%−4.22%
- Optimism closed at a 180-day low of $0.1085Previous trough of the 180-day window $0.1134, undercut by 4.24%−4.24%
February 2026
- Optimism closed at a 180-day low of $0.1177Previous trough of the 180-day window $0.1217, undercut by 3.25%−3.25%
- OP traded $3.9 M, 4.2× its 30-day median volume while price moved −0.42%30-day median volume $940 K−0.42%
- Optimism closed at a 180-day low of $0.1222Previous trough of the 180-day window $0.1282, undercut by 4.68%−4.68%
- Optimism closed at a 180-day low of $0.1282Previous trough of the 180-day window $0.1389, undercut by 7.72%−7.72%
- Optimism closed at a 180-day low of $0.1389Previous trough of the 180-day window $0.1650, undercut by 15.83%−15.83%
- Optimism closed at a 180-day low of $0.1650Previous trough of the 180-day window $0.1775, undercut by 7.01%−7.01%
- OP traded $2.8 M, 4.2× its 30-day median volume while price moved −11.65%30-day median volume $659 K−11.65%
- OP traded $3.4 M, 4.7× its 30-day median volume while price moved +3.79%30-day median volume $715 K+3.79%
- Optimism closed at a 180-day low of $0.1818Previous trough of the 180-day window $0.2125, undercut by 14.46%−14.46%
- Optimism moved −16.97% in a day, 3.2× its 30-day volatility30-day standard deviation of daily returns 5.24%−16.97%
- Optimism closed at a 180-day low of $0.2125Previous trough of the 180-day window $0.2272, undercut by 6.45%−6.45%
- OP traded $2.5 M, 3.8× its 30-day median volume while price moved −7.41%30-day median volume $659 K−7.41%
January 2026
- Optimism closed at a 180-day low of $0.2340Previous trough of the 180-day window $0.2520, undercut by 7.16%−7.16%
- Optimism moved +18.91% in a day, 5.1× its 30-day volatility30-day standard deviation of daily returns 3.72%+18.91%
- OP traded $2.3 M, 4.3× its 30-day median volume while price moved +18.91%30-day median volume $536 K+18.91%
December 2025
- Optimism closed at a 180-day low of $0.2520Previous trough of the 180-day window $0.2601, undercut by 3.12%−3.12%
- Optimism closed at a 180-day low of $0.2601Previous trough of the 180-day window $0.2728, undercut by 4.65%−4.65%
- Optimism closed at a 180-day low of $0.2728Previous trough of the 180-day window $0.2870, undercut by 4.96%−4.96%
- Optimism closed at a 90-day low of $0.2870Previous trough of the 90-day window $0.3012, undercut by 4.72%−4.72%
November 2025
- Optimism closed at a 90-day low of $0.3077Previous trough of the 90-day window $0.3454, undercut by 10.91%−10.91%
- Optimism closed at a 90-day low of $0.3520Previous trough of the 90-day window $0.3989, undercut by 11.76%−11.76%
October 2025
- Optimism closed at a 90-day low of $0.4000Previous trough of the 90-day window $0.4188, undercut by 4.49%−4.49%
- Optimism closed at a 90-day low of $0.4272Previous trough of the 90-day window $0.4554, undercut by 6.20%−6.20%
- Optimism closed at a 90-day low of $0.4560Previous trough of the 90-day window $0.4949, undercut by 7.85%−7.85%
- Optimism closed at a 90-day low of $0.4949Previous trough of the 90-day window $0.6312, undercut by 21.59%−21.59%
- Optimism moved −29.96% in a day, 7.5× its 30-day volatility30-day standard deviation of daily returns 3.97%−29.96%
- OP traded $17.3 M, 7.2× its 30-day median volume while price moved +6.46%30-day median volume $2.4 M+6.46%
August 2025
- OP open interest rose 51.35% to $14.1 M while price moved +11.01%: new longs buildingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions+11.01%
- OP traded $12.2 M, 3.0× its 30-day median volume while price moved +11.01%30-day median volume $4.0 M+11.01%
July 2025
- OP traded $22.2 M, 6.2× its 30-day median volume while price moved +2.05%30-day median volume $3.6 M+2.05%
Entries are produced by the Spottrench algorithm from Hyperliquid data.
What is in the news about Optimism?
Headlines about Optimism from third-party publishers. Each links to the original article; we never claim a headline moved the price — our own read is the measured signal above.
Headlines from publisher RSS feeds
What is next for Optimism?
Dates we can verify and levels that would change the read on Optimism. No project roadmaps here — only schedules that exist on-chain or in the company calendar, and thresholds measured from our own data.
Unlock schedule from DefiLlama; earnings dates from the company calendar.
The bottom line
Pulling it together, our combined signal reads SELL (20/100, where 50 is neutral). On the last closed day Optimism fell 0.67% against a category median of +0.00%, with 88 of 177 markets in the category closing lower. We do not claim to know why Optimism moved — everything above is measurement, not a cause.
Frequently asked questions
What is the latest news on Optimism?
The most recent development we recorded is: MACD turned bearish (2026-07-17). This page is a dated log computed from market data rather than a press feed — every entry is a measurement with the date it happened.
How often is the Optimism page updated?
Once a day: it is recomputed after the daily candle closes, and the time of the last update is printed at the top of the page. Log entries are dated by the day the event happened, not the day we published it.
Where does the Optimism data on this page come from?
From Hyperliquid directly: daily candles, open interest, funding and the on-chain positions of active large wallets. Nothing here is copied from another site's article, and no language model writes the text — the wording is generated from the numbers by fixed rules.
Is this Optimism page investment advice?
No. It is an algorithmic summary of measured market data from Hyperliquid — price moves, positioning, derivatives and our own model. It is not investment advice and past performance does not guarantee future results.
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