Hyperliquid SOL narxiHYPE

📉 Here’s why the crypto market is going down today The crypto market is going down today, with Bitcoin falling by 1.25% in the last 24 hours, and XRP, Solana, Dogecoin, and Hyperliquid (HYPE) falling by over 3%. The market capitalization of all tokens dropped by 1.36% to $3.15 trillion. Here are some of the reasons why the crypto market crash is happening today. 🔸 Crypto market is going down as investors sell the news One key reason why the crypto market is going down is that there was some important news that pushed it higher. Wl The most important news was that Vanguard, a top company with over 11 trillion in assets and 50 million customers, will start off offering crypto ETFs, a major change for the company. It has already started offering some of these funds. The other notable news was that Donald Trump hinted that he would nominate Kevin Hassett to be the next Federal Reserve Chair, replacing Jerome Powell. Hassett is viewed positively by crypto traders because he used to serve as a advisor. He also favors low interest rates and is more aligned with Donald Trump on key issues. Meanwhile, the Securities and Exchange Commission (SEC) approved the spot Chainlink ETF, which has attracted millions of dollars in inflows in the past few days. Additionally, Charles Schwab announced that it would start offering crypto trading services on its platform in January, a notable thing for a company with over $12 trillion in assets. All these news events helped to push crypto prices higher this week. Whenever this happens, traders often sell the news as they wait for an additional catalyst. 🔸 Futures activity is falling The other main reason why the crypto market is going down is that activity in the futures market has started to deteriorate in the past few days. One way to look at this is the futures open interest, which is an important metric that looks at open positions in the futures market. These positions can be with call or put options. Data shows that the futures open interest has dropped by 1.87% to $132 billion. #Crypto #market

RT @kshitizkapoor_: Gm to everyone who treat trading like a business..... There are setups I am looking at: - $HYPE - $SOL - $ZEC A lot t…

「Buddy」 increased their position with HYPE and opened a long on $ETH, with the current total position value of $38.98 million in the long position.

HYPE Treasury company Hyperliquid Strategies has staked 12 million HYPE, representing 3.54% of the circulating supply.

$HYPE Looking Ready For Another Bullish Wave📈