Abraxas Capital, a major crypto investment firm, has taken over $980 million in short positions on Hyperliquid, indicating expectations of a price decline for the decentralized futures exchange. This strategy involves complex hedging, including spot ETH transactions, and suggests bearish sentiment. Market watchers see Abraxas's moves as influential, with uncertainty around Hyperliquid's future price, especially given a 49% market probability of it reaching $100 by year-end. Investors will watch for any strategic or regulatory developments that could shift this outlook.
Hyperliquid has grown rapidly to become the third-largest crypto exchange by open interest, surpassing $11 billion. This marks it as a significant competitor to Binance in the perpetual futures market and a key player in the on-chain derivatives spac...
After a strong August, Bitcoin Spot ETFs faced $462.73 million in outflows from September 8-11, coinciding with Bitcoin's price dropping from about $79K to $77.3K. Major outflows came from Grayscale GBTC and Ark Invest's ARKB. Conversely, Ethereum ET...
Bitwise CIO Matt Hougan predicts Hyperliquid's market cap could reach $200 trillion within the next decade, driven by strong investor demand and institutional adoption. The cryptocurrency has already doubled its price this year, rising 205% from $39....
Hyperliquid recently burned about 32.77K HYPE tokens worth $2.65 million, reducing the total supply by 4.86%. The protocol's total value locked (TVL) has risen to nearly $7 billion, supporting ongoing token burns funded by platform fees. On the price...
Investment firm Multicoin Capital has identified Hyperliquid as one of its largest holdings following a detailed reassessment of the protocol. This decision reflects confidence in Hyperliquid's growth, driven by increased liquidity and developer acti...
