HL traders believe in long-term BTC growth.

Despite the escalation between the US and Iran and the BTC pullback, the net long bias on Hyperliquid continues to grow.

Furthermore, the long bias has remained at its highest level in the past year.

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Open interest in XRP futures contracts on Binance has reached the lowest level in over 3 months in recent days.

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JUST IN: 🇯🇵 Japan's Finance Minister Satsuki Katayama on Bitcoin and crypto ETFs, "we would like to proceed with considerations toward legalizing cryptocurrency ETFs in Japan as well."

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🚀 Top Trending Coins (Today)

1. ZANO
2. CASHCAT
3. PENGU
4. LAB
5. LIT
6. VIRTUAL
7. UNI
8. ANSEM
9. SOL
10. HYPE
11. PEPE
12. VVV
13. SKL
14. JUP
15. ETH

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The first cryptocurrency has been trading below the average market price and the cost basis of short-term holders for five months. According to analysts at Glassnode, this is one of the longest periods of deep asset undervaluation in history.

An additional signal is the capitulation of long-term investors: they account for 43% of the realized volume in the network, with daily losses reaching about $280 million. To confirm a reversal, the first cryptocurrency needs to hold above $76,600.

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Brother thank you very much

Thank you so much for this result—I never even expected it to turn out this well.

It’s so cool brother💪