2022: Do Kwon used UST to accumulate bitcoin:native
Later, they dumped BTC to save UST.
2026: Saylor used $STRC to accumulate BTC
Now, they are about to dump BTC to save STRC.
History never repeats itself, but it often rhymes.
No $BTC bottom has happened above its "Realized Price" which currently sits at $53,000.
IMO, Bitcoin will most likely drop towards $50,000-$52,000 before a cycle bottom.
Stocks are dumping.
Gold is dumping.
Silver is dumping.
Crypto is dumping.
Bonds are dumping.
Even Oil is dumping.
If everything is dumping, where the hell is money going?
When BitMine first bought $ETH, the price was at $2,400.
Since then, BitMine has bought $18,000,000,000 in Ethereum.
Today, ETH is below $1,900 and BitMine is sitting on $8,800,000,000 in unrealized loss.
Strategy has acquired 24,869 BTC for ~$2.01 billion at ~$80,985 per bitcoin and has achieved BTC Yield of 12.6% YTD 2026. As of 5/17/2026, we hodl 843,738 $BTC acquired for ~$63.87 billion at ~$75,700 per bitcoin. $MSTR $STRC https://t.co/y1zvePEuym
10 emerging Hyperliquid-native protocols I'm paying attention to ↓
1. @monetrix_xyz: YieldMaxxing on Hyperliquid. A single stablecoin that pulls together funding rates, HLP, maker rebates, and HIP-3 into one onchain yield, powered by Portfolio Margin. Think the Hyperliquid-native Ethena.
2. @rosetta_hl: An automated yield router for stablecoins on Hyperliquid. Deposit USDC and it moves your money across Felix, Hyperlend, Morpho, Aave, and HLP every block to wherever the rate is highest, after gas and slippage.
3. @papertrade_xyz: A fair-launched perps protocol on Hyperliquid offering up to 1000x leverage with no funding rates and no slippage. Trades execute against a price feed instead of an orderbook, fully onchain.
4. @altdotfun: A launchpad on Hyperliquid where every token is paired with a leveraged perp position (2x, 3x, or 5x long or short on any HL market). The token moves both from trading activity and from the underlying perp itself.
5. @ventuals: Pre-IPO perps on Hyperliquid. Take long or short positions on private company valuations like OpenAI, SpaceX, and Stripe with up to 10x leverage, built on HIP-3.
6. @liminalmoney: A delta-neutral yield protocol on Hyperliquid. Deposit stablecoins, capture funding rates through automated short positions, and use the resulting xTokens (xBTC, xETH, xHYPE) as collateral across DeFi.
7. @Meltfinance: Brings tokenized stocks, commodities, and equities onto Hyperliquid as spot markets. You trade real-world assets on the same orderbook you trade BTC, 24/7, from your own wallet.
8. @ChainSight_: An oracle and data infrastructure protocol on Hyperliquid. Builds modular pipelines for price feeds, volatility indices, and risk metrics with sub-3 second latency, powering new derivative products on HL.
9. @ripdotxyz: Tokenized vault strategies on HyperEVM. Flagship rHYPURR gives you liquid, fractional exposure to a managed basket of Hypurr NFTs through ERC-4626 shares, priced hourly by NAV and backed by WHYPE.
10. @Markets_xyz: A perps exchange on Hyperliquid from the Kinetiq team. Trade equities, FX, commodities, bonds, and crypto perps 24/7 with up to 50x leverage, all USDH-margined and priced by Kaiko's institutional oracle.
Hyperliquid is moving beyond perps to become the full onchain financial stack. These are the primitives shipping real yield, liquidity, and new products natively.
What did I miss?
In March 2020, $BTC bottomed 10% below the 300W EMA.
In November 2022, Bitcoin bottomed 15% below the 300W EMA.
Something similar again means BTC will bottom around $52,000-$55,000 in 2026.
Strategy has acquired 13,927 BTC for ~$1.00 billion at ~$71,902 per bitcoin and has achieved BTC Yield of 5.6% YTD 2026. As of 4/12/2026, we hodl 780,897 $BTC acquired for ~$59.02 billion at ~$75,577 per bitcoin. $MSTR $STRC https://t.co/xVKjg2cEVP