Morning Minute: Bitcoin Slides Back to $77K on Rising Bond Yields, Oil Spike
Crypto majors are falling and the ETFs are seeing an exodus, while SpaceX had a major debut on Hyperliquid.
BitcoinEthereumNews·
The post Hyperliquid whale bags $2.8mln profit – Can HYPE still reclaim $45? appeared on BitcoinEthereumNews.com. After a sharp drop, Hyperliquid successfully defended the $40 level and rebounded to $ 42.80. With HYPE now hovering around $42, some whales have decided to cash out, most likely to lock in gains. According to Onchain Lens, a whale sold 213,419 HYPE for $8.93 million at $41.84 per HYPE. After the sale, the whale realized $2.8 million in profit. Source: HypurrScan This whale has been on a buying spree, over the past 2 months scooping up 467,188 HYPE for $16.63 million. Having bought at an average price of $35.59, the entire holdings sit in profit. After the sale, the whale still holds 253,769 HYPE worth $10.5 million. The whale’s decision to cash out after HYPE retraced from $47 shows fear of holding the positions for extended periods. Hyperliquid market demand remains steady Despite the above whale profit taking, demand for HYPE has remained steady, indicating continued a
Read full articleCrypto majors are falling and the ETFs are seeing an exodus, while SpaceX had a major debut on Hyperliquid.
Hyperliquid price stabilized over the weekend after reclaiming a key bullish chart structure, while growing institutional adoption narratives continued supporting investor sentiment around the decentralized derivatives protocol. According to data from crypto.news, Hyperliquid (HYPE) price was trading around $45 at…
Despite a broader cryptocurrency market sell-off that dragged Bitcoin below $77,000, the HYPE token rebounded by over 5% on Monday, briefly matching and surpassing its previous peak of $47. HYPE Rebounds Amid Crypto Sell-Off Just days after plunging nearly 10% on reports that rivals ICE and CME had urged U.S. regulators to target Hyperliquid, HYPE […]
In contrast, BCH and PI have dumped the most from the large- and mid-cap alts.
Rising oil prices and US yields strain Asian economies, risking inflation spikes and challenging central banks' currency stabilization efforts. The post Asian currencies weaken against dollar as oil prices rise appeared first on Crypto Briefing.
President Donald Trump issued a stark warning to Iran on Sunday, telling the country its time is running out as U.S.-Iran ceasefire talks stall and oil futures hold above $100 per barrel. Oil Prices Stay Above $100 as Trump Warns Iran Time Is Running Out on Ceasefire Deal Trump posted the statement on Truth Social […]
Regulatory pressure on Hyperliquid could reshape the decentralized derivatives landscape, impacting USDC's role and benefiting rival platforms. The post CME and NYSE lobby CFTC against Hyperliquid amid USDC liquidity risks appeared first on Crypto Briefing.
According to a recent on-chain study, the Bitcoin market has entered another crucial phase, driven by a growing divergence between retail and whale activity. Related Reading: Bitcoin Struggles Below Resistance While Fibonacci Support Comes Into Focus Whale Positioning Diverges Sharply From Retail Optimism In an X post on May 16, crypto analyst Joao Wedson highlights a clear schism between Bitcoin retail and whale activity. This post’s assertion is based on readings obtained from the Bitcoin: Whale Vs Retail Delta metric. For context, the metric monitors the difference in trading behavior between large Bitcoin holders (whales) and retail traders. By extension, it helps in identifying whether smart money is becoming more bullish or bearish, compared to the bias of Bitcoin’s smaller market participants. According to Wedson, the Bitcoin: Whale Vs Retail Delta has now fallen to its lowest level since January 2024 — the same period where the spot Bitcoin ETFs were launched in the United Stat