The crypto market is experiencing a liquidity drought with $1.81 trillion in market cap lost and $1.2 billion exiting Binance stablecoins in May, reversing earlier inflows. This signals growing investor caution amid global instability driven by West Asia tensions and rising bond yields, such as the US 10-year yield hitting 4.63% and Japan's bond yield reaching a record 2.81%. Bitcoin has underperformed the S&P 500 by over 27 percentage points year-to-date, reflecting a shift toward safer assets. The market may need further economic stabilization before risk-on investments return.
Bitcoin options open interest fell about 17% last week, signaling reduced leverage among traders. Despite this, bullish sentiment remains strong, with the largest open interest concentrated in a $120,000 call option expiring at year-end. Calls make u...
Leading cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin showed little movement as President Trump expressed no urgency to finalize an Iran deal, keeping market sentiment cautious. Bitcoin fluctuated between $73,300 and $74,300, with analys...
A prominent Ethereum developer attributes Ether's 65% decline against Bitcoin since the 2022 Merge to strategic errors by the Ethereum Foundation, including slow product execution and missed opportunities. Criticisms include Ethereum's focus on envir...
HYPE, the native token of the Hyperliquid decentralized exchange, has overtaken Dogecoin in market capitalization, entering the top 10 cryptocurrencies globally. This shift reflects HYPE's price growth and institutional interest, including the launch...
Modest gains in Bitcoin and Ethereum caused a wave of short liquidations in crypto derivatives markets, with $4.9 billion in Bitcoin shorts and $5.6 billion in Ethereum shorts liquidated over 24 hours. This indicates heavy bearish positioning, making...
