Arkham: Nakamoto Bitcoin Holdings Experience Unrealized Loss of Over 35% and Price Plunges by 99.4%, Emerges as the Worst Performing Bitcoin Treasury Company

On May 29, on-chain analyst Excalibur reported that a crypto whale opened a 25x leveraged long position on Hyperliquid, using 12,900 ETH worth roughly $26.1 million. The trade’s average entry price came to $2,011.7, and its liquidation price sits at just $1,967.1—meaning it’s only a $45 gap from the entry level, an extremely tight safety buffer for such a leveraged trade.

**Hyperliquid Policy Center Hails CFTC’s New Perpetual Contract Rules** May 29 – The Hyperliquid Policy Center, a lobbying arm for Hyperliquid, welcomed the Commodity Futures Trading Commission’s (CFTC) latest regulatory moves on Thursday. The actions include the U.S.’s first-ever listed perpetual contract approval, a policy statement outlining perpetual derivatives listing rules, accompanying interpretive guidance, a no-action relief letter, and a staff advisory addressing 24/7 trading, clearing, and settlement. The policy center stated these measures mark regulators’ first clear acknowledgment of perpetual contracts’ legitimacy and core role in price discovery and risk management. It emphasized that prior regulatory ambiguity drove market activity and liquidity offshore, weakening America’s competitiveness in the global derivatives sector. The center also expressed its intention to deepen collaboration with the CFTC to build a regulatory framework applicable to both centraliz

On May 29, HyperInsight’s monitoring shows HYPE has climbed above $65, hitting a brand-new all-time high. The whale address “0x082” that went long on HYPE is now sitting on over $36.7 million in unrealized gains. Meanwhile, another whale—Loracle (@loraclexyz)—is facing more than $34.5 million in unrealized losses from their HYPE short position.

On May 29, HTX market data indicates Bitcoin has topped $74,000, with a 1.6% gain over the past 24 hours.

May 29 update: Per HTX market data, HYPE has surged past $65, now trading at $65.71, marking a 14.1% 24-hour gain and hitting a new all-time high.

May 29th — A crypto analyst says Ethereum (ETH) is still facing near-term downward pressure, with the market closely watching its $1,750-$1,800 support zone. A CryptoQuant analyst points out ETH’s current leverage ratio remains elevated, while funding rates stay positive — indicators that long positions still dominate trading. Yet fresh lows keep printing on ETH’s price chart, signaling a fragile overall market structure. Meanwhile, Binance’s cumulative net inflow has dropped to roughly -$744 million, a sign sellers are still in control of the market. Turning to institutional demand, the U.S. Ethereum spot ETF has logged 13 straight trading days of net outflows, totaling about $695 million — a clear sign institutional appetite for ETH is steadily cooling. Analyst Suraj Jha highlights the $1,700-$1,800 range as a buy zone worth noting, but warns that if this support level breaks, ETH could extend its downward slide. Another analyst, Crypto Patel, argues ETH needs to hold above $1,750 t