News

Foresight News reported, according to monitoring by Lookonchain, an early holder who previously made over $50 million in profits from HYPE has just opened a 3x leveraged short position of 303,901 HYPE (worth approximately $16 million).

ChainCatcher news, Glassnode released a market report stating that Bitcoin rebounded to $116,000 last week driven by expectations of a Federal Reserve rate cut, but is now facing a new round of selling pressure. Although the RSI has entered the overbought zone and spot market momentum remains strong, buyer confidence is limited. Futures market participation is rising, and US spot ETF inflows have significantly increased, indicating robust institutional demand. On-chain data shows that active addresses are near cyclical lows, but transfer volume has increased, suggesting active capital flows while user activity declines. Investor profitability indicators have generally improved, but increased profit-taking may lead to weaker demand. Analysts believe the market is at a critical crossroads, with $114,000 as the key upside level, while a drop below $108,000 could bring greater downward pressure. Bitcoin is currently consolidating in the $104,000-$116,000 range, ETF demand is cooling, and market sentiment is cautiously optimistic but remains fragile.