The Asian (Europe) session just opened, and over in the crypto space things are already starting to feel a bit unbearable.
$BTC fell below 84000, and $DOGE wiped out 8 percentage points in a single night. Honestly, this mess shouldn’t all be blamed on crypto—U.S. 10-year Treasury yields surged above 5.1%, the first time since 2007. The PMI hit 58.4, the highest in five years. The probability of a rate hike in October has jumped to around 70%. The U.S. dollar index is back above 101. Macro forces are crushing valuations—knife to the ribs, deal by deal.
But today’s real big story got buried under market moves: Binance has officially listed $HYPE spot—seed tagging, and it opened at UTC 11. Hyperliquid, the leading on-chain derivatives platform, has been directly acquired by Binance. This signal matters way more than the K-line—walls in both the CEX and the on-chain order book are being dismantled.
On the other hand, oil prices are going crazy too. Brent is back above $100, and the Strait of Hormuz is still blocked—inflation simply won’t come down. With rate-hike expectations stacking on top of rising oil prices, risk assets really don’t have an easy time right now.
In the short term I’m leaning cautious, but for a milestone like $HYPE , a deep dip may actually be worth keeping an eye on.
NFA DYOR
#比特币 #Hyperliquid #HYPE #加密货币 #Federal Reserve
$BTC fell below 84000, and $DOGE wiped out 8 percentage points in a single night. Honestly, this mess shouldn’t all be blamed on crypto—U.S. 10-year Treasury yields surged above 5.1%, the first time since 2007. The PMI hit 58.4, the highest in five years. The probability of a rate hike in October has jumped to around 70%. The U.S. dollar index is back above 101. Macro forces are crushing valuations—knife to the ribs, deal by deal.
But today’s real big story got buried under market moves: Binance has officially listed $HYPE spot—seed tagging, and it opened at UTC 11. Hyperliquid, the leading on-chain derivatives platform, has been directly acquired by Binance. This signal matters way more than the K-line—walls in both the CEX and the on-chain order book are being dismantled.
On the other hand, oil prices are going crazy too. Brent is back above $100, and the Strait of Hormuz is still blocked—inflation simply won’t come down. With rate-hike expectations stacking on top of rising oil prices, risk assets really don’t have an easy time right now.
In the short term I’m leaning cautious, but for a milestone like $HYPE , a deep dip may actually be worth keeping an eye on.
NFA DYOR
#比特币 #Hyperliquid #HYPE #加密货币 #Federal Reserve