▍First, the Main Story

A whale bought 397,000 HYPE over the past three days and staked it all, worth about $29.29 million

Read this story first, then compare it with the market to see whether the news has been priced in.

▍Market Snapshot

$BTC 73,666.01 (+0.06%)

$ETH 2050 (-0.21%)

BNB 678.04 (-0.45%)

SOL 83.06 (-0.28%)

The broader market is trading in a narrow range, with no clear direction yet.

▍Worth Watching

1. ARK Invest's head of crypto research: The crypto industry has lost a cumulative $26.9 billion since 2017

2. Two whales who had held their positions for over a year transferred 1,929.5 BTC to exchanges, worth about $140 million

▍Market Sentiment

Fear & Greed Index: 28 (Fear), down 1 from yesterday

BTC market-wide account long/short ratio: 2.68; longs account for 72.8%

$33.74 million in market-wide liquidations over the past 4 hours; long positions accounted for 94.1%

▍Top Gainers & Losers

Top gainers: AGT +195.11%, KGEN +22.93%, ERA +14.18%

Top losers: INIT -48.08%, ONE -22.27%, ON -18.2%

▍My Take

Liquidation data tells you who's swimming naked.

How will you trade today?