Crypto bottom debate and Hyperliquid liquidations
Commentators debate whether the bottom is in, with DCinvestor expecting another 10-15% dip before recovery. Whales on Hyperliquid have been liquidated, while Abraxas holds $1.05B in shorts.
What we know
An account on X sees a retest of the 200-day MA. Another account on X doubts a bottom. Another account on X reports a $44.78M ETH long loss, and Abraxas Capital has made $428.56M with $1.05B in shorts. Another account on X is bullish on HYPE.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.