Hyperliquid price prediction – Is HYPEs 27% crash really a buying opportunity?

After rallying more than 3x since the February low of $20 to $75, Hyperliquid [$HYPE] has seen rising profit-taking. It has now fallen by 27% and traded at $55.7 as more whales booked profit.  Unsurprisingly, the recent sell-off also coincided with Bitcoins extended losses. This suggested that the dump was a broader risk-off move and not specific to the Hyperliquid ecosystem.  That said, the $HYPE pullback retested the golden ratio or the 50%-61.8% Fibonacci level zone, which is typically associated with potential rebounds if it holds as support. This coincided with the $48-$55 price zone when measured from the February lows and June highs.  Source: $HYPE/USDT, TradingView  If defended, the zone could be of key interest to the bulls, especially swing traders or long-term holders. A sustained dip below $48 would invalidate the bullish outlook.  In fact, such a bearish move would embolden short sellers to eye $40 and $36 (200-day MA, blue) levels.  Institutional $HYPE demand slows down  The pullback also coincided with a broader cooldown in spot ETF inflows. Last Friday, the products saw their first daily net outflow, worth about $3M. On Tuesday, there was zero flow, according to Soso Value data.  Source: Soso Value  This contrasted with the strong inflows seen in May, which drove

06-10

Pyth unveils continuous pricing indexes for US stocks and commodities

Pyth Network, a blockchain oracle and market data provider, has launched new pricing indexes for US stocks and commodities, a move aimed at supporting around-the-clock trading products across crypto exchanges.  The company announced Wednesday that Coinbase, Kraken, dYdX and Nado are already using the indexes to power new trading markets.  According to Pyth, the indexes are designed for perpetual futures, tokenized assets, prediction markets, derivatives settlement and exchange-traded product benchmarking, providing continuous reference prices even when traditional financial markets are closed.  The initial lineup includes major US stocks such as Nvidia, Tesla, Apple, Circle and Strategy, as well as gold, silver, West Texas Intermediate (WTI) crude and Brent crude.  Pyth also partnered with MarketVector, an index provider owned by VanEck, to develop thematic equity index futures covering sectors and themes including artificial intelligence, defense, technology and China.  The launch expands Pyths push into institutional market data services. Earlier this year, the blockchain oracle provider introduced a platform that allows financial institutions to publish and monetize market data across blockchain networks.  Continuous pricing could become critical infrastructure for tokenized assets  The launch reflects a broader push toward around-the-clock trading of real-world assets on blockchain rails. Platforms offering tokenized stocks, commodities exposure and perpetual futures require reference prices even

06-10

Wintermute warns Bitcoin lacks inflows needed to confirm market bottom

Bitcoins recent selloff has yet to establish a durable market bottom as institutional demand remains absent and capital continues to leave spot Bitcoin ETFs, according to a new market note from Wintermute.  According to data from crypto.news, Bitcoin ($BTC) traded near $61,828 on Tuesday, down 3.18% over the past 24 hours and more than 14% over the past week after falling to its lowest level since September 2024. The broader cryptocurrency market also remained under pressure, with total market capitalization dropping 2.8% to $2.21 trillion.  According to CoinGlass data, more than $1.78 billion in leveraged positions were liquidated over the past day as long traders absorbed most of the losses. Total crypto derivatives open interest stood at around $103.5 billion, while daily futures trading volume reached $173.8 billion.  According to the latest weekly note from algorithmic market maker Wintermute, the recent correction differs from previous pullbacks because institutional demand continues to deteriorate rather than stabilize. The firm argued that the market remains vulnerable to further downside as large buyers have yet to return in meaningful size.  Wintermute said attention surrounding Strategy‘s sale of 32 $BTC between May 26 and May 31 has overshadowed the broader issue facing the market. While the transaction itself was

06-10

XRP Tests Major Macro Support As Bulls And Bears Battle For Control

$XRP is testing a major macro support level that could play a decisive role in shaping its next trend. With momentum hanging in the balance, a strong rebound could signal the start of a recovery, while weakness may leave the door open for deeper losses.  $XRP Finds Strong Footing At Critical 0.786 Fibonacci Support  In a recent market evaluation, crypto analyst CasiTrades noted that $XRP has reached its major 0.786 macro support level, currently trading at $1.09 on Coinbase. The daily timeframe currently confirms the validity of this support, as the price action has respected this critical technical marker so far.  The immediate focus for traders now shifts toward how the market reacts to this placement. CasiTrades identifies $1.19 and $1.27 as the primary resistance levels to monitor. As long as the asset is capped by these levels, the broader correction remains active, leaving the door open for a potential decline toward the $0.90 support zone at the 0.854 fib level.  Source: Chart from CasiTrades on X  Conversely, a shift in market sentiment could render the bearish outlook invalid. If $XRP demonstrates genuine buying pressure and succeeds in breaking through the established resistances, it would suggest that the market is forming a new trend rather

06-10

Bitcoin‘s $100K year-end target holds as BTC sentiment resets – Here’s why

Is the current FUD actually setting up an underlying bullish signal the market hasnt priced in yet?  From a technical standpoint, Bitcoin [$BTC] is down over 25% in less than a month from its $82k local top, and that move has triggered a broad wave of FUD across the market. At press time, the Fear & Greed Index was sitting at just 8/100, putting sentiment in the bottom 1% of historical readings. In that context, we cant rule out a move into the $50K range, since extreme fear often aligns with broader capitulation phases.  Looking at recent flows, the odds of continued downside seem to be creeping higher. BlackRock reportedly moved $226 million worth of Bitcoin to Coinbase Prime, while nearly 26k $BTC ($1.6 billion) has flowed out of Bitcoin ETFs this week alone. Meanwhile, medium-term holders have also become more active during this correction, suggesting increased distribution into weakness.  Source: CryptoQuant  Against this backdrop, calling a bottom looks premature.  And yet, in recent commentary shared by Matt Mena, Senior Crypto Research Strategist at 21Shares to AMBCrypto, analysts are still looking for a possible retest of the $80k resistance level by the end of June.  Our view remains that this is more of a sentiment reset

06-10

Kraken signs FIFA World Cup 2026 partnership ahead of tourney kickoff

Kraken has been named the official crypto exchange supporter of the FIFA World Cup 2026, giving the crypto exchange a presence at one of the worlds largest sporting events.  The company said Tuesday that the partnership will include fan activations and product experiences throughout the tournament.  The 2026 World Cup is expected to be the largest in FIFA history, with an expanded field of 48 teams and 104 matches across 16 host cities in the United States, Mexico and Canada. FIFA projects the competition will attract a cumulative global audience of more than 6 billion viewers during its seven-week run.  The partnership places Kraken alongside some of FIFAs longest-standing corporate sponsors, including Adidas, Coca-Cola, Visa and Hyundai-Kia.  The agreement also expands Krakens sports sponsorship efforts, which already include partnerships with Tottenham Hotspur, Atlético de Madrid, RB Leipzig and Atlassian Williams Racing.  The tournament kicks off on June 11 in Mexico City, where Mexico is scheduled to face South Africa at Estadio Azteca.  Source: Kraken  Prediction markets expand their sports presence  The partnership comes four years after the 2022 “Crypto Bowl,” when Coinbase, FTX, Crypto.com and eToro aired advertisements during Super Bowl LVI. Sports marketing activity across the crypto industry slowed following the collapse of FTX later that year

06-10

Trump familys $2.3B crypto windfall matched by $2.25B in investor losses, Reuters finds

President Donald Trumps family has turned crypto into one of the most lucrative businesses tied to its name, outpacing some of the companies that spent years building the digital asset market.  Between the post-election momentum of November 2024 and April 2026, ventures tied to the US President generated roughly $2.3 billion in pretax crypto income, Reuters reported.  To understand the sheer scale of this capital extraction, one must look at the foundational pillars of the industry during that same window.  For context, the Trump firms gains exceeded Coinbases $2.1 billion in income over the same period, as well as earnings from major crypto operators across mining, stablecoins, exchange-traded funds, and market infrastructure.  IREN, the largest Bitcoin miner by market value, earned $127 million during the period. BlackRock‘s Bitcoin ETF business, built around IBIT, the world’s largest spot Bitcoin fund, generated an estimated $109 million.  Meanwhile, Circle, the issuer of USDC stablecoin, lost $14 million, while Galaxy Digital, a major crypto company, posted a $430 million loss.  Trumps Crypto Ventures Outearn Crypto Firms (Source: Reuters)  Unlike Coinbase or BlackRock, the Trump Organization did not compete on trading latency, deep liquidity, or assets under management.  Instead, it leveraged an entirely different business model: an asymmetrical risk structure where the family

06-10

Ethereum – Why THIS Tether ratio could decide ETHs next rally

Ethereum could be showing early signs that the market is closing in on a major rally.  The asset has bled capital since peaking in September 2025, with its market valuation falling by $373.83 billion—a drop larger than its present valuation. Data, however, shows Ethereums market capitalization could hold the answer to whether the downtrend remains in play or a reversal is near.  Ethereum and Tether market caps converge for the first time  Ethereum‘s market capitalization and Tether’s have hit the same level for the first time ever, both reaching roughly $186.87 billion.  While the convergence is a rare occurrence on its own, the ratio tracking these two assets against each other reveals something more important—it has reached the support of the descending channel it trades within.  Source: Alphractal  The ratio, now at 1.03, has touched that support, and trading in this zone has previously marked $ETH‘s bottom and led to a rally. More broadly, the indicator has correctly called Ethereum’s turning points on eight occasions—four tops and four bottoms.  If the pattern holds, Ethereum could begin a multi-week rally that recovers the capital that exited the asset over the past couple of months.  US investors are sending mixed signals on Ethereum  US investors are one group to watch, with

06-09

Top 100 Bitcoin Treasuries Now Hold 1.26M BTC

Institutional bitcoin treasuries are expanding, with the top 100 holders controlling 1,258,090 $BTC, led by Strategys massive 845,256 $BTC position.  Key Takeaways:Top 100 institutional bitcoin holders now control nearly 1.26 million $BTC, although Strategy alone accounts for more than two-thirds of that total.Mining firms, technology companies, private enterprises, and treasury vehicles are using bitcoin to diversify reserves, hedge inflation risk, and signal long-term conviction.The data shows broad institutional participation, but holdings remain highly concentrated among crypto-native firms and one dominant corporate buyer.  Bitcoin Treasuries Are Turning Scarcity Into Strategy  Institutional bitcoin accumulation has grown dramatically, with the top 100 holders now controlling 1,258,090 $BTC as of June 8, 2026, according to a chart published on X by HODL15Capital. This group includes public companies, private firms, mining operators, and treasury-focused entities, reflecting specialized corporate allocations alongside one dominant buyer.  At the top of the list, Strategy holds exactly 845,256 $BTC, far surpassing every other entity. Twentyone Capital follows with 43,514 $BTC, and Japans Metaplanet holds 40,177 $BTC, showing that institutional $BTC accumulation is global and spans multiple industries. Marathon Digital contributes 35,303 $BTC.  Top 100 bitcoin treasury companies. Source: HODL15Capital  The size of Strategys lead reveals how uneven the race has become. One company controls more bitcoin

06-09

SHIB Whale Makes a Rare Move: 400 Billion Tokens Exit Gnosis Safe in Single Transaction

A dormant Shiba Inu wallet withdrew 400 billion $SHIB from a Gnosis Safe Proxy contract after about a month of inactivity.The fresh address now holds an estimated $1.89 million portfolio, with $SHIB making up 99.4% of total asset value.No transfer to Binance or Coinbase hot wallets was recorded, leaving the move open to OTC preparation or local liquidity accumulation interpretations as traders watch future wallet activity closely now.  A dormant Shiba Inu wallet has jolted $SHIB watchers after absorbing 400 billion tokens from a Gnosis Safe Proxy smart contract in a single withdrawal. The address had been quiet for about a month before the move, then instantly became a large operational wallet with an estimated portfolio value of $1.89 million. The puzzling detail is not just the size of the transfer, but the decision to move coins out of multisig infrastructure and into a fresh external address.  Gnosis Safe exit changes the ownership signal  The tokens came from a Gnosis Safe Proxy contract labeled 0xD13 and landed in the address 0xf9905…f64f5, which previously held only negligible balances of third-party tokens. In onchain practice, that shift matters because a corporate-style multisig requires distributed approvals, while an external wallet is typically controlled by one private

06-09
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