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Analysts from cryptocurrency analytics firm MarktQuant have revealed a little-known metric that affects the price of Bitcoin.
SHIB and BTC are well in the green on a weekly scale, while the Pi Network team announced some important amendments.
Quick Take Cryptocurrencies and U.S. stocks are now more closely aligned than at almost any time in recent years, according to a Bloomberg report on a new correlation study. This increasing positive correlation suggests that macroeconomic factors, particularly following last week’s Federal Reserve rate cut, are significantly influencing both markets, the report noted.
Quick Take Ethereum has outperformed bitcoin since the U.S. Federal Reserve cut its Federal Funds rate by 50 basis points last Wednesday. This upward momentum coincides with a significant increase in the ether open interest-weighted perpetual futures funding rate, indicating stronger demand for long positions and growing optimism among traders that the price of ether may rise.
- 02:47Hyperliquid High Success Rate Whale Spends 3 Million USDC to Buy 1221.3 ETH 8 Hours AgoAccording to a report by Jinse Finance, monitored by on-chain analyst @ai_9684xtpa, a high-profit whale from Hyperliquid, who made over $21.128 million, closed a losing WIF short position 8 hours ago and spent 3 million USDC to buy 1,221.3 ETH at an average price of $2,457. On May 11, he also profited $3.74 million by buying low and selling high on ETH.
- 02:46US April Unadjusted CPI Year-on-Year to be Released Tonight at 20:30 (UTC+8), Expected at 2.4%According to a report by Jinse Finance, the US April unadjusted CPI annual rate will be announced tonight at 20:30 (UTC+8), with an expected rate of 2.4%.
- 02:37Data: Hyperliquid Platform Whale Current Holdings at $4.222 Billion, Long-Short Ratio at 0.97According to ChainCatcher, Coinglass data shows that the whale on the Hyperliquid platform currently holds a position of $4.222 billion, with long positions at $2.073 billion, accounting for 49.11% of the holdings, and short positions at $2.149 billion, accounting for 50.89% of the holdings. The profit and loss for long positions is $151 million, while the profit and loss for short positions is -$882.821 million. Among them, the whale address 0x5078..b6 has gone long on BTC with 40x leverage at a price of $99,903.2, currently with an unrealized profit of $3.4161 million.