Hyperliquid Contract Market Trends Towards Conservatism, with Negative Growth Fee Rates for Some Shitcoins
On October 13th, as monitored by HyperInsight (accessible via https://t.me/HyperInsight), within the past 24 hours, the overall cryptocurrency market has witnessed a rebound accompanied by a significant increase in trading volume. The amount of short liquidations on the Hyperliquid platform amounted to 62.5 million US dollars. The total trading volume of the three major mainstream coins, BTC, ETH, and SOL, was 8.666 billion US dollars.
It is worth noting that possibly due to the recent market fluctuations, the sentiment in the futures market is relatively cautious. When looking at the 24-hour trading leaderboard, the prices of coins such as SOL, DOGE, BNB, and ASTER have all seen a certain degree of increase. However, the funding rates remain negative. On the other hand, the 24-hour trading volume of ZEC and HYPE has respectively decreased by 23.87% and 18.77%, and their holdings have also exhibited relatively weak performance.
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Analysis: A sharp decline should not be seen as the beginning of a bear market, as whales continue to hold and "buy the dip."
October 13th. On-chain data analyst Murphy pointed out that during the period of decline from October 6th to 11th, the Bitcoin whale group still maintained a consistent pace of accumulation, demonstrating a clear "buy the dip" behavior. Although there was a sharp drop on October 11th, the psychological impact on large holders was much smaller compared to the two macro events in April of this year and August of last year. With the continuous inflow of major capital, the BTC market has become more mature as a whole, and the reaction to sudden events is no longer blind panic or mass liquidation.
During the recent rapid decline, the outflow of capital was relatively moderate compared to previous occasions, resulting in even a slight "bullish divergence" in the "price and capital increment gradient" indicator. The long/short trading volume difference of perpetual contracts has returned to the 90-day median, and the sentiment of the most sensitive speculative group is returning to a neutral
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Bitunix Analyst: The U.S. Launches the "Mining Hoard War" to Reshape Strategic Supply Chains, Global Resource Game Heats Up
October 13th - As per the Financial Times, on October 13th, the U.S. Department of Defense is set to initiate a strategic mineral reserve plan with a magnitude of up to $1 billion. The plan is intended to reduce foreign influence in the crucial metal supply chain. Public documents from the Defense Logistics Agency (DLA) reveal that the plan encompasses the acquisition of various metals including cobalt, antimony, tantalum, and scandium oxide. Certain metals, such as tantalum and scandium oxide, are being included in the national defense reserve list for the very first time. Analysts indicate that this action clearly represents an upgrade of the Trump administration's strategic resource reserve policy, fortifying America's self-sufficiency capabilities in future technological wars and military supply chains.
On the market front, this round of "mining stockpiling action" suggests an accelerated global resource restructuring. With China curbing exports and rare earth and germanium prices
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The U.S. fast food chain Steak 'n Shake has canceled its plan to accept ETH payments
On October 13th, the U.S. chain fast food brand Steak 'n Shake announced that due to strong opposition from the Bitcoin community, it has cancelled its plan to accept ETH payments. Steak 'n Shake has suspended the previously initiated vote on accepting Ethereum payments and stated, "Our loyalty is with Bitcoin supporters."
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BNB Surges Above $1320 Briefly, Just 1% Away from New All-Time High
On October 13th, according to HTX market data, BNB briefly exceeded $1320. It is currently trading at $1319.52, which is less than 1% away from its previous record high of $1330.
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