In a major move that sent shockwaves across the crypto derivatives market, a prominent whale on Hyperliquid, a rising decentralized perpetual trading platform, flipped a $1 billion Bitcoin position from long to short. This strategic shift comes as Bitcoin (BTC) struggles to maintain support above $108,000, triggering fears of a potential deeper correction. The whale’s wallet, identified by analysts on-chain, opened a massive short position after closing a long worth nearly $1 billion. This move coincides with increasing macro uncertainty, upcoming U.S. economic data releases, and a notable drop in Bitcoin open interest. Market Reacts to Bearish Bet as BTC…
Author: Blockto Team
Ethereum (ETH) posted a strong rebound on May 25 after successfully defending the critical support level at $2,477. The recovery has been attributed to a surge in trading volume, renewed ETF optimism, and improving market sentiment, setting the stage for a potential breakout above the $2,530 resistance zone. ETH is currently trading at $2,519, up 3.1% in the last 24 hours, marking its highest level this week. The move comes after a period of consolidation and signals a potential shift in momentum favoring bulls. Strong Inflows into Ethereum ETFs Boost Confidence One of the major catalysts behind Ethereum’s bounce is…
XRP, the native token of the Ripple network, has dropped below a critical support level of $2.30, signaling increased selling pressure and broader market weakness. The decline has been accompanied by high trading volumes, suggesting panic or large-scale profit-taking among investors. XRP is currently trading at $2.28, showing a 2.9% intraday loss, according to market data. Despite this pullback, technical analysts have observed the formation of a double-bottom pattern, often a bullish reversal signal, if confirmed by a strong bounce. Institutional Selling Meets Strong Interest Over the last 48 hours, institutional wallets have been actively reshuffling XRP holdings, contributing to…
The crypto market witnessed a wave of volatility today, with Bitcoin (BTC) plunging below the critical $108,000 support level, triggering bearish sentiment across the board. The shift comes after a major trader reportedly flipped a $1.25 billion long position into a short, sparking widespread speculation about an incoming correction. Bitcoin is currently trading around $107,200, down by 1.7% over the last 24 hours. This strategic position change by institutional players suggests a cautious stance ahead of a key speech by Federal Reserve Chair Jerome Powell, expected later today. Ethereum Retreats After Brief Surge to $2,700 Earlier this week, Ethereum (ETH)…
As blockchain technology evolves, real estate tokenization is emerging as one of its most promising use cases. Yet, many crypto leaders continue to underestimate its transformative potential, focusing narrowly on liquidity while ignoring the deeper systemic changes tokenization can bring. Tokenizing property is not just about making real estate liquid — it’s about unlocking global access, removing inefficiencies, and redefining how wealth is built. Tokenized Real Estate: More Than Just Liquidity One of the most cited benefits of tokenized real estate is improved liquidity — allowing investors to buy and sell fractional property shares like stocks. But that’s only the…
Cryptocurrency has evolved from a fringe technology to a mainstream financial asset, and now, it’s catching the attention of U.S. senators and lawmakers. With blockchain becoming a geopolitical and economic topic, more elected officials are disclosing crypto investments, raising questions about motives, regulation, and the future of digital assets. 1. Belief in the Technology and Future of Finance Many senators investing in crypto say they are personally bullish on blockchain technology. They view cryptocurrency not just as an asset, but as a revolutionary system that challenges traditional banking and finance. Lawmakers like Senator Cynthia Lummis of Wyoming are vocal crypto…
Solana (SOL) faced a sharp decline on May 25, plunging over 5% in a single hour during a surprise midnight sell-off. The intense price movement saw SOL drop below the key $172 support level, raising alarms about institutional investors exiting their positions amid broader market uncertainty. Heavy Volume Sell-Off Raises Red Flags At approximately 12:00 AM UTC, major crypto exchanges recorded a sudden spike in sell volume, with over $100 million in SOL traded within 45 minutes. Blockchain analytics firms, including SpotOnChain and Lookonchain, reported that several whale wallets and institutional-linked addresses offloaded large positions. “This type of sell pressure…
Ethereum (ETH) made headlines this week after breaking above the $2,700 resistance level, fueled by a short squeeze and renewed optimism in the altcoin market. However, beneath this bullish breakout, key on-chain metrics reveal signs of weakening momentum, prompting analysts to question the sustainability of the rally. This zone, highlighted as a liquidity cluster on the Liquidation Delta chart, Short Squeeze Propels ETH Beyond $2,700 On May 24, Ethereum’s price spiked to $2,725, triggering the liquidation of over $30 million in ETH short positions within 24 hours. The surge was seen as a technical breakout, pushing ETH to its highest…
Hyperliquid, a rising star in the decentralized finance (DeFi) space, is catching major attention — with some analysts comparing its explosive growth potential to Solana’s 2021 breakout. Backed by robust tech, an innovative Layer-1 solution, and a rapidly growing community, Hyperliquid (HYPE) is being eyed for a potential 240% rally in 2025. What is Hyperliquid (HYPE)? Hyperliquid is a decentralized perpetual futures exchange built on its own custom Layer-1 blockchain. Unlike Ethereum or Solana, Hyperliquid operates its own chain, offering fast, gasless transactions and low latency, tailored for high-frequency trading. Hyperliquid currently supports over 100 trading pairs with lightning-fast execution…
In a groundbreaking move, Pakistan has officially allocated 2,000 megawatts (MW) of surplus electricity to power Bitcoin mining farms and Artificial Intelligence (AI) infrastructure. This initiative marks a major step toward digital transformation and economic modernization, especially as the country seeks to attract foreign direct investment (FDI) and utilize untapped energy resources. Why This Move Matters “Pakistan is opening its doors to the digital economy by dedicating energy resources to blockchain and AI,” said an official from the Ministry of Energy. By redirecting 2,000MW of surplus power, the government aims to: This move could potentially generate millions in revenue and…