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while NEAR’s earlier monthly strength is being tested. • Galaxy Digital and similar accumulators remain active in infrastructure plays like LINK, but ENA and many DeFi tokens are seeing mixed-to-negative action amid thin liquidity and risk aversion
BTC extended its losses, trading around the 61K - 62K zone after failing to hold higher levels amid ongoing ETF outflows, liquidations, and broader risk-off sentiment. The tape feels heavy as USDT.D continues climbing, reflecting caution in the market.
BTC dominance is holding
ALTCOINS • HYPE faced further selling pressure, trading down toward the mid-$50s to low-$60s after the recent Grayscale launch hype faded, with sharp reversals wiping out gains.
• VVV and other high-momentum names are showing relative weakness in line with the broader market,
BTC took another leg lower, briefly dipping under $64K and triggering over $1B in liquidations as it grinds toward February lows.
The tape feels heavy with sustained ETF outflows and Mt. Gox wallet movements adding pressure.
Equities are starting to show cracks too,
but selective high-momentum narratives are still finding bids in this rotation.
HEADLINES
• MicroStrategy’s ongoing BTC sales via the latest filings continue to fuel speculation about tightening cash positions and potential forced liquidations if the drawdown deepens.
• Charles Hoskinson admits no clear value path (yet) for ADA holders • Grayscale launches HYPE ETP (Ticker: HYPG)
ALTCOINS • HYPE & VVV → fresh ATHs • NEAR → +140% this month • Galaxy Digital accumulating LINK • ENA → +31% (Coinbase partnership catalyst)
BTC still looks weak, flirting with lower lows… while AI equities keep printing absurd gains.
We’re finally seeing some red in stocks today, but let’s be real, way too early to call a broader correction.
Meanwhile: • BTC dominance ↓ ~2% (last 8 days)
• USDT.D broke out after a demand bounce • BTC, ETH, SOL → under pressure • Only a handful of alts still trending up
The divergence is getting harder to ignore.
HEADLINES • Strategy’s latest 8-K hints at tightening cash reserves → BTC sell pressure risk
• TON announced its native currency, Gram, reviving the original name featured in TON's earliest whitepaper. • ARC surged roughly 15% on Wintermute-related flows before retracing most of the gains shortly afterward.
Bitcoin has officially lost the 70K support level, trading around 67K for the first time since April 7. The bear flag structure we've been monitoring over recent weeks has now broken down, triggering another wave of bearish sentiment across the market.
Altcoin Watch
• HYPE remains the strongest asset in crypto, showing remarkable resilience despite Bitcoin's weakness and securing a spot in CoinGecko's Top 10. • LIT is beginning to attract momentum and appears to be following HYPE's relative strength trend.