A wallet on Hyperliquid has opened a $100.33 million short position on Ethereum (ETH) with 23x leverage, betting that ETH's price will not rise above $2,149.84. The position will be liquidated if ETH's price increases by less than 2% from the entry price of around $2,109. This high-risk trade highlights growing large-scale leveraged activity on Hyperliquid, which has processed over $176 billion in trading volume in 30 days and attracted institutional players due to its onchain settlement removing counterparty risk. If liquidated, the large ETH position will flood the market with 47,604 ETH, potentially impacting supply and price dynamics.
The global cryptocurrency market is experiencing a significant drop in trading volumes, reaching the lowest levels in two years due to macroeconomic uncertainty, geopolitical tensions, and recent liquidations. Despite this bearish sentiment, long-ter...
Ethereum is trading near a critical resistance zone between $1,650 and $1,700, with traders closely watching volume to avoid a bull trap. Despite weekly outflows from U.S. spot Ethereum ETFs, institutional interest remains, highlighted by Bitmine Imm...
Inflation surged to 4.2% in May, driven by a 23.5% jump in energy prices linked to Iran tensions, causing the Fed to likely hold rates steady through 2027. This inflation spike and geopolitical risks have kept crypto markets cautious, with Bitcoin tr...
The U.S. SEC has approved NYSE Arca's proposal to list the T. Rowe Price Active Crypto ETF, an actively managed fund that can hold a variety of cryptocurrencies including Bitcoin, Ethereum, XRP, Solana, Dogecoin, and Shiba Inu. This ETF aims for long...
Ethereum has slipped below a critical support level at $1,743, raising concerns about a continued downtrend. However, analysts note that large holders (whales) are not actively selling, which may reduce selling pressure and set the stage for a potent...
