From a structural perspective | Wintermute’s short position in Hyperliquid has increased to $90.71 million
I usually look at the daily structure first; I use news only to explain price movements. Next, we’ll see whether the price can hold above the day’s low after the news comes out.
On its face, it doesn’t look like good news; it’s more of an industry update.
$BTC (24h -6.49%).