Crypto Chaos: Bitcoin Balks, Hyperliquid’s Volume Explodes & ETH Takes a Bow 😅

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What to know:

  • Bitcoin’s price has retraced to pre-Powell levels, apparently taking a nap not in a good way, with the possibility of more snoozing if that pesky support near $107,500 decides to disappear.
  • Ether’s charm is climbing, perhaps tired of Bitcoin’s moody moods, as futures and options markets hit record highs – or as some might say, just another day in paradise.
  • Hyperliquid’s volume soared higher than your cousin’s ego at his wedding, now positioning itself as a formidable figure in BTC spot trading – maybe the new liquidity hero, or just showing off.

In this story

BTC at $111,189.05, down 3.07% – or was it just catching its breath? 🧐

Ever seen a market that refuses to rally on good news? It’s probably just being melodramatic. Basically, this market’s throwing tantrums because a bunch of complicated things are happening underneath-like politicians with too much power and traders with too much money.

Bitcoin has tumbled back to where it was before the Fed’s lovely dovish talk-imagine that, a bit of a comeback for old BTC. But watch out; if that support at $107,500 sells itself, it’s probably off for a longer nap.

Meanwhile, a sneaky crowd is moving some chips from Bitcoin to Ethereum, like switching seats in a crowded theater. “BTC dominance fell from 60% to 57%,” says some fancy finance folks in Singapore, hinting that ETH might just outshine its old buddy if it gets those ETFs approved-fingers crossed, or not, depending on your mood.

Derivatives Drama

  • Futures on Bitcoin and Hyperliquid are climbing, defying the trend of traders being trend-averse, with 1% and 3% increases-perhaps they think this is a game they can win, or they’re just bored.
  • But the perpetual futures? They’re like a rollercoaster with a predictable decline-rising during rally times and retreating after, suggesting traders only pretend to be bullish, but secretly planning a different dance.
  • Funding rates are mostly positive-meaning traders are stubbornly optimistic-except for ADA, which must be the outcast.
  • Altcoins are exploding faster than your email inbox after a newsletter blast, hitting over $61.7 billion in open interest-because why not gamble more when the market’s this volatile? 🥳
  • The CME reports ether options hitting an all-time high of over $1 billion-talk about a busy market day-and Ether futures topping 2 million ETH, just for good measure.
  • Bitcoin options? They’re sitting at around $4.85 billion, high since April, but traders are still cautious, mostly betting puts-probably fearing Mondays.

Token Talk – The Gossip

  • Hyperliquid just broke its own records with a $3.4 billion 24-hour volume, mainly because everyone and their dog is trading BTC and ETH through Hyperunit. Talk about a volume boost! 🐶
  • It’s now the second-biggest spot BTC venue-just behind the giants-and with $1.5 billion in BTC alone, maybe it’s time to start paying attention (or just pretend you already are).
  • Their fancy tech-the HyperCore and HyperEVM-makes transactions faster than you can say “blockchain,” perfect for high-frequency traders and DeFi folks with no patience.
  • This growing volume could make Hyperliquid the “AWS of liquidity,” because, let’s face it, everyone loves a good cloud joke-if the joke is the platform’s infrastructure.
  • And guess what? Its massive on-chain activity means more rewards for HYPE token holders-more buybacks, more growth, more reasons to stay invested and keep checking your phone. 📱

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2025-08-25 15:04