Hyperliquid matches Polymarket’s BTC binary volume in 2 weeks

After a terrible start to the weekend, the Bitcoin price jumped back to life on the back of news of a potential agreement between the United States and Iran. However, ignoring the potential impact of fresh geopolitical news or events, the current price structure suggests that new investors would be catching a falling knife. According to a chart highlighted on the X platform, the Bitcoin price appears bound for a drop to around $72,000, at least in the short term. BTC Price Trading In Ascending Channel Pattern Prominent chartist Aksel Kibar took to the social media platform X to share an interesting layout of the Bitcoin price, suggesting the coin might be on its way down to around $72,500. This highlighted chart shows the formation of an ascending channel on the BTC daily timeframe over the past few months. Related Reading: Key Volume Signals Are Driving XRP Momentum Amid Market Uncertainty For context, an ascending channel is a technical analysis pattern characterized by two major (up

How did Michael Saylor's firm amass a record stash of Bitcoin? Here's a look back at how Strategy made such massive gains.

Bitcoin remains under bearish pressure after failing to sustain momentum above the critical $80K-$82K resistance region. However, recent price action suggests buyers are attempting to defend the important $75K support zone, increasing the probability of a short-term corrective rebound before the broader downtrend resumes. While the market structure still favors sellers, the current positioning near […]

Strategy paused reported bitcoin buying as Saylor said its “BitVac” is charging, highlighting bond-related activity after holdings climbed to 843,738 BTC. The update underscores how debt, preferred stock, and liquidity reserves continue shaping the company’s treasury strategy. Saylor’s ‘BitVac’ Comment Puts BTC Buying on Watch Michael Saylor, executive chairman of Strategy Inc. (Nasdaq: MSTR), shared […]

The disclosure places SpaceX seventh among corporate BTC holders, surpassing sister company Tesla, with a margin of more than 7,000 BTC.

The price of Bitcoin seemed set for another round of pain over the weekend after falling below the psychological $75,000 level on Saturday morning. However, the premier cryptocurrency has somewhat recovered and is looking to reclaim $77,000 as of this writing. At the same time, an increase in the supply of Bitcoin’s long-term investors was also observed on the day, although the signal might not be what it seems. Here’s Why BTC LTH Supply Data Is Skewed In a recent post on the X platform, pseudonymous analyst Darkfost revealed a surge in the Bitcoin supply held by long-term holders (LTH) over the past few days. However, this supposed rise in LTH activity might not be as relevant to BTC’s growth as the data would ordinarily suggest. Related Reading: Bitcoin Bull Thesis Goes Big: 39 Trillion Reasons To Buy, Says Gemini Founder Highlighting data from CryptoQuant, Darkfost shared that the long-term holder supply has increased from 15 million to 15.8 million BTC over the past two days. The o

The post Hyperliquid (HYPE) Tanks 25%, But the Price is Somehow Up appeared on BitcoinEthereumNews.com. On paper, Hyperliquid’s tokenomics appear contradictory at this time. Due to dilution pressure and unlock-related worries, HYPE effectively lost about 25% of its value, but the market still drove the token to new all-time highs above $63. That seems illogical until you consider the actual pricing strategies used by traders. Hyperliquid’s unending revenue stream Fully diluted valuation is the main problem. The market is aware that millions more tokens are still planned to unlock over time, and HYPE’s circulating supply is still far below its maximum supply. Although only a small portion of the supply is actively traded, CoinGecko data indicates that the project’s FDV already exceeds $60 billion.  HYPE/USDT Chart by TradingView Momentum is usually destroyed by that kind of setup. There are numerous tokens in cryptocurrency history that experienced early rallies, later supply unlocks, a

The post Bitcoin Rainbow chart predicts BTC price for June 1, 2026 appeared on BitcoinEthereumNews.com. The Bitcoin (BTC) Rainbow Chart is signaling that the cryptocurrency could trade within a broad range of approximately $59,000 to nearly $492,000 by June 1, 2026, depending on market sentiment and the stage of the current market cycle. With Bitcoin trading around $77,000, the cryptocurrency currently sits within the chart’s ‘BUY!’ zone, suggesting the model still considers BTC relatively undervalued compared to its long-term historical trajectory. Bitcoin seven-day price chart. Source: Finbold Overall, based on the Rainbow Chart bands, Bitcoin’s most immediate upside target for June 1, 2026, would be around $79,670 if it remains within the same valuation range.  However, if bullish momentum accelerates throughout the cycle, the model suggests BTC could climb into progressively higher bands beyond $100,000 and potentially toward the upper six-figure range. According to the chart data,