A US Asset Management Company Applies to Launch 2x Long ETFs for SpaceX and Anthropic

**Bitcoin Drops Below $68k; Bearish Cues Emerge (March 27)** Per CoinDesk, Bitcoin fell below $68,000 on March 27, posting a 2% decline over 24 hours. A 48-hour liquidation heatmap shows a concentrated liquidity zone below $66,000—hinting at potential further downside for the crypto in the short term. Perpetual contract funding rates have turned negative (shorts paying longs), a fresh signal of bearish market sentiment. **Macro Headwinds Hit Risk Assets** Macro conditions are worsening: - The U.S. 10-year Treasury yield nears 4.5%—its highest since July 2023—reducing appeal for risk assets like cryptocurrencies. - The MOVE Index (tracking U.S. bond volatility) jumped 18% in 24 hours, signaling rising uncertainty. - Ukraine’s disruption of Russian oil flows upended former President Trump’s supply-tension-easing efforts; Brent and WTI crude are both up ~3%. - The U.S. Dollar Index (DXY) climbed to 100, adding more pressure on risk assets.

On March 27th, per HyperInsight Monitoring (via https://t.me/HyperInsight), crypto-related stocks posted a broad pre-market decline. Circle extended its downturn, falling 1.6% at one point. Its corresponding contract on Hyperliquid also slid, currently trading at $96.76—down over 4.2% in 24 hours. Three days ago, a whale (address 0x320) shorting CRCL on the platform saw unrealized gains rise to $350,000, with a return rate exceeding 57%. The current position size is ~$1.16 million, and the average entry price is $125.

March 27 – Iranian media reports the Islamic Revolutionary Guard Corps (IRGC) says the Strait of Hormuz is closed, with any transit through the strait facing "strict measures." All vessels traveling to or from ports of the U.S., its hostile allies, or supporters are banned from transiting any waterway or proceeding to any destination. (Reuters)

March 27th: Per HyperInsight monitoring (via Telegram @HyperInsight), the leading long-position whale “30 Longs, 30 Battles” (address 0x8d0) opened a 20x leveraged long position on BTC with an average entry price of ~$67,740. The position quickly expanded to 124 BTC (valued at ~$8.4 million) within 10 minutes. Shortly after establishing the position, the address locked in partial profits by reducing its holdings by ~24 BTC, trimming the position size to 100 BTC (worth ~$6.791 million).

March 27 – Per Bitget market data, crypto-related U.S. stocks posted a broad decline in pre-market trading. Key moves include: - Coinbase (COIN): Down 1.71% - Circle (CRCL): Down 1.62% - Robinhood (HOOD): Down 1.01% - MicroStrategy (MSTR): Down 0.76% - Marathon Patent Group (MARA): Down 0.70% - Gemini (GEMI): Down 0.65% - Superbet Group (SBET): Down 0.61%