Bloomberg Analyst: May Be Time to Retire ‘Sell in May’ Strategy, S&P 500 ETF Only Lower in 2022 in Past Decade
On April 29, Bloomberg ETF analyst Eric Balchunas suggested it may be time to fully retire the "Sell in May" adage. The strategy traces back to 19th-century London’s wealthy class abandoning markets in summer—but it no longer holds in today’s 24/7 algorithm-driven markets.
Data shows the S&P 500 ETF (SPY) has posted gains in 25 of the past 33 May-to-October periods, with only 2022 posting a decline over the last decade.
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Analyst: Hyperliquid Revenue Surpasses Robinhood Against the Trend, HYPE's Valuation Discount Has Become "Increasingly Unreasonable"
April 29th: Blockworks Research analyst Shaunda Devens shared Q1 2026 data on social media showing a clear cyclical downturn in crypto trading. Robinhood’s crypto revenue fell to $134 million (39.4% drop), while Hyperliquid’s crypto trading revenue declined to $179.7 million (31.0% decrease).
Yet Hyperliquid’s crypto revenue still outpaced Robinhood’s crypto segment. Its Real World Asset (RWA) revenue surged 454.8% quarter-over-quarter, and its user base grew 29.6% to 1.19 million—compared to just 1.5% growth for Robinhood’s customer base.
HYPE currently trades at a discount to traditional financial peers, largely tied to the cyclical volatility of its crypto cash flows. But with RWA now accounting for over 30% of trading volume and HIP-4 launching a binary outcome prediction market, revenue volatility in this slowdown has roughly matched Robinhood’s—making the discount increasingly irrational.
Hyperliquid’s Q1 protocol revenue hit $192.3 million, while Robinhood reported net
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A whale bought 250,000 coins on the dip after the hype, with a scale of over $10 million
April 29th — According to monitoring data from HyperInsight (via their Telegram channel: https://t.me/HyperInsight), after HYPE rebounded from its bottom to around $40, a whale with the address **0x66f463866512fc337c89bad2032acbe38ee38836** has launched large-scale HYPE spot purchases on the Hyperliquid platform.
The whale has placed two buy orders using a Time-Weighted Average Price (TWAP) strategy, totaling approximately 250,000 HYPE tokens — worth roughly $10.1 million at current market prices.
As of press time, one order is nearly complete, with an additional ~$4 million in HYPE spot buy orders scheduled to be filled over the next 7 hours.
**Whale Address**: 0x66f463866512fc337c89bad2032acbe38ee38836
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Headline: Institution: Market Expected to Focus on Fed's Assessment of Rising Inflation
April 29th — Madison Investments fixed income strategist Mike Sanders noted in a report that markets will be closely watching how Federal Reserve Chair Jerome Powell frames the committee’s consensus on the recent inflation surge and future policy path, particularly as his term nears its end.
Against a backdrop of rising oil prices that could keep inflation persistently elevated, investors are looking to glean as much as possible about the committee’s take on risk balance, he added.
The labor market is “okay, but not great,” Sanders said. In an environment of high inflation, a rate cut would meaningfully impact the yield curve and broader economy — though a near-term rate hike is not anticipated, per the report.
(FXStreet)
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Digital Financial Services Group BIT heavily invested in ETH last night, making a profit of $2 million during the half-day bounceback.
April 29th — On-chain data from HyperInsight Monitoring shows the largest ETH long whale, dubbed the "BIT Whale," opened a 15x leveraged ETH long position via sub-address 0xa5b last night. The position has an average entry price of ~$2,269 and totals $81 million.
From this morning to noon, ETH prices continued climbing, realizing the bullish expectations set overnight. As of press time, the address holds $2 million in unrealized profit (a 36% return). Meanwhile, the whale’s two other linked addresses saw a sharp profit rebound, pushing the total daily gain across all three addresses to $3.1 million.
The address is owned by digital financial services group BIT, having repeatedly received fund transfers from the firm. Previously, the whale took ETH long positions in the hundreds of millions of dollars, with cumulative profits exceeding $50 million.
Address: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41
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Michael Saylor: Aims to Drive Bitcoin Price to $10 Million
On April 29, 2026, Michael Saylor—founder of Strategy—told attendees at the Bitcoin 2026 conference that the ultimate goal is to push Bitcoin’s price to $10 million per coin and build it into a network with a $200 trillion market capitalization that will keep growing.
### Notes on American English adjustments:
1. **Date formatting**: Used **On April 29, 2026** (natural for news, avoids unnecessary "th" in casual/concise contexts).
2. **Conference name**: Added a space (**Bitcoin 2026**) as standard for event naming in U.S. media.
3. **Tone**: Swapped "stated" for "told attendees" (more conversational, typical of conference remarks); "drive" → "push" (common for price targets); "make it a network" → "build it into a network" (more precise for scaling goals).
4. **Flow**: Used em dashes to set off the founder title (cleaner than commas in U.S. news style for parenthetical info).
5. **Clarity**: Kept the $200 trillion figure front and center, with "keep growing" (casual, accessi
3 minutes ago
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