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Hyperliquid price sees a 15% decline, with bearish signals dominating. BBTrend's positive shift may signal potential stabilization or recovery.
Share link:In this post: Cardano (ADA) continues its decline, down 8% in 24 hours, amid market correction, with user activity and TVL sharply dropping since December. The ADA price faces resistance around $1.3, now sliding toward $0.75, with further declines expected if it breaches key support levels. Technical analysts warn ADA could fall to $0.763 or lower, citing weakening RSI and bearish market sentiment.
Quick Take Synthetix has set its perpetual markets on Arbitrum to close-only mode, meaning traders can no longer open new positions or increase existing ones. The move is part of a strategic pivot by Synthetix to consolidate its operations and focus on Coinbase’s Base network.
- 15:12Greeks.live: Recently, the Market Has Focused on Tokenized US Stocks, Diverting Attention from the Crypto MarketOdaily Planet Daily News: Greeks.live macro researcher Adam posted on the X platform, stating that July 4 options expiry data shows:28,000 BTC options expired, with a Put Call Ratio of 1.07, a max pain point at $106,000, and a notional value of $3 billion.237,000 ETH options expired, with a Put Call Ratio of 1.25, a max pain point at $2,500, and a notional value of $600 million.Today is the first expiry day after the quarterly settlement, and the market remains relatively stable. Recently, the spotlight has been on the tokenization of US stocks, which has undoubtedly diverted attention from the crypto market. Although BTC has once again pushed for new highs, overall market sentiment has not been significantly boosted. Looking at the main options data, in terms of implied volatility, BTC's IV remains at a low level, with short- and medium-term IVs all below 35%. ETH's IV has slightly declined, falling below 60%, so there is still room for cross-asset volatility strategies.
- 15:05Alpine Fox LP Founder: A Major Whale Buyer Will Purchase Over 8,000 Bitcoins from the FirmAccording to a report by Jinse Finance, Mike Alfred, founder of Alpine Fox LP, revealed in a post that a whale buyer has reached an agreement with him to purchase over 8,000 bitcoins. Mike Alfred stated: "A super whale buyer contacted me within the past hour, and we have reached an agreement on a transaction involving more than 8,000 bitcoins. The selling pressure on the open market will decrease, and prices are expected to rebound before next Monday."
- 14:55Bank of England Open to the Use of Stablecoins for Wholesale PaymentsOdaily Planet Daily News: The Bank of England has taken a forward-looking stance on digital innovation this week. Its Executive Director, Sasha Mills, stated that the bank is “open” to the use of stablecoins for wholesale payments, which contrasts with last week’s report from the Bank for International Settlements that labeled stablecoins as “unreliable currencies.” Mills emphasized that financial stability remains the top priority, but after legal revisions, the central bank must also balance innovation, and its regulatory approach will become more balanced. As reported yesterday, the Governor of the Bank of England warned that stablecoins pose a threat to public trust in money. (Ledger Insights)