A Hyperliquid trader known as a "perma-bear" holds an 81% short position with a $2.7 million all-time profit, primarily from a $13.57 million short on the HYPE token, which is up $539,000. The trader also profits from shorts on Ethereum and Bitcoin. HYPE's price has dropped about 25% from its June 2 peak, fueling bearish bets. This activity highlights growing institutional interest and volatility in Hyperliquid's perpetual futures market, with large players on both bullish and bearish sides. The next price move of HYPE will be critical in determining if the bear continues to profit or faces a squeeze.
Kalshi has introduced perpetual futures contracts for Hyperliquid (HYPE) in the US following clearance from the Commodity Futures Trading Commission (CFTC). These contracts have no expiration and feature zero trading fees during an introductory perio...
Bitcoin rose 1.6% to $63,550 following President Trump's announcement of nearing peace with Iran, easing market fears and boosting cryptocurrencies and equities. SpaceX launched its historic IPO on Nasdaq, raising $75 billion and reaching a $1.78 tri...
Bitcoin and the broader cryptocurrency market rose after signs of easing tensions between the US and Iran improved investor sentiment. Bitcoin climbed 1.6% to $63,550, recovering from a dip below $60,000 earlier in the week. The potential de-escalati...
Kalshi has launched Hyperliquid (HYPE) perpetual futures trading in the US after receiving approval from the Commodity Futures Trading Commission (CFTC). This new product allows traders to hold positions indefinitely without expiration, under a regul...
In the past 24 hours, USD Coin (USDC) experienced a net outflow of $141 million while Tether (USDT) saw a net inflow of $41.4 million, indicating a rotation of capital among stablecoins. Bitcoin showed heavy two-way flows with a small net outflow, su...
