NEAR briefly touched $2.25, becoming the top-ranked asset for liquidations in the past hour across the entire network
On May 22, HTX market data shows NEAR continues to surge, briefly breaking through the $2.25 threshold and is currently trading at $2.244. As a result, NEAR has taken the top spot in the hourly global crypto contract liquidation rankings, with $932,000 worth of short positions being liquidated.
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Binance Adds ALCX, COOKIE, DODO, EPIC, HEI, HFT, STORJ, SYN, and TLM to Watchlist
May 22 – According to official sources, Binance has added nine digital tokens—ALCX, COOKIE, DODO, EPIC, HEI, HFT, STORJ, SYN, and TLM—to its asset watchlist.
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Analysis: Bitcoin Derivatives Market Ends 8-Month Deleveraging Cycle, Binance's Open Interest Returns Above the 180-Day Moving Average
May 22. Analyst Darkfost (@Darkfost_Coc) shared on social media that Bitcoin has been stuck in a prolonged deleveraging phase in its derivatives market since events unfolded last October 10. Historically, when open interest drops below the 180-day moving average, it signals a slump in futures activity—driven by investors cutting risk exposure, which pushes open interest lower. Pressured by worsening global macroeconomic conditions and geopolitical uncertainty, traders broadly opted to trim their risky positions. On crypto exchange Binance, this deleveraging stretch lasted roughly 8 months; the last comparable period was during the 2022 bear market, right before FTX’s collapse.
That said, the trend shifted as of early May. Binance’s Bitcoin open interest climbed from around $6.4 billion in March to roughly $8.96 billion currently, reclaiming its ~$8.75 billion 180-day moving average. This marks the official end of the deleveraging cycle. The return of investors to Bitcoin’s derivatives
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A Whale Shorts Hyperliquid Ecosystem Meme Coin PURR, Suffering $570,000 Unrealized Loss
May 22 — Per Hyperinsight monitoring, Hyperliquid ecosystem meme coin PURR rallied 18% today, driven by HYPE’s breakout to a new all-time high. The token is now trading at $0.1307, yet it still sits roughly 80% below its peak. PURR’s daily trading volume on the Hyperliquid platform has topped $10 million, with total value locked (TVL) coming in at $9.7 million.
A bearish whale — who shifted from profits to losses during last week’s market rebound — saw their unrealized losses jump to $570,000 today. Over the course of this week, the wallet has withdrawn more than $1 million in total funds, representing a 160% loss on their initial investment.
The address in question is currently short 12.695 million PURR with 3x leverage, holding a position worth around $1.66 million. The average entry price for the short is $0.0854, with a liquidation price of $0.3055. The wallet address: 0x6859da14835424957a1e6b397d8026b1d9ff7e1e.
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Bitunix Analyst: Bond Market Begins to Price in 'Rate Hike Cycle Risk,' Global Markets Face Dual Pressure from Liquidity and Geopolitics
**Global Markets Wrap (May 22): Stock-Bond Divergence, Fed Credibility Tests, Middle East Energy Risks, and Crypto Volatility**
On May 22, a sharp divergence emerged across global financial markets: equities remain anchored by lingering optimism around abundant liquidity and the AI growth narrative, while the bond market is already repricing for potential interest rate hikes. The U.S. 10-year Treasury yield climbed to 4.6%, marking the first time in 12 months markets are no longer pricing in rate cuts—and instead wagering on hikes. This shift signals dwindling patience with U.S. inflation, fiscal deficits, and energy-related risks.
April’s U.S. data underscores mounting pressure: PPI rose 6% year-over-year, CPI hit 3.8%, and U.S. gasoline prices reached an all-time high in May. Markets are now waking up to a harsh reality: the Federal Reserve can no longer rely solely on holding rates high to stabilize the economy—it’s facing growing questions about its policy credibility.
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