Hyperliquid/Tether forum
HYPEUSDT (Dec 16 - Dec 18, 2024):
The market came out swinging on Dec 16, ripping higher and hitting solid higher highs – bulls were definitely in charge early on.
By mid-afternoon yesterday (Dec 17), things flipped. A trend reversal (bearish CHoCH) showed up, and we started seeing lower highs and lower lows. Volume spiked hard during those drops, which was a clear sign of heavy selling pressure as the bears took control and started driving prices down.
Fast forward to this morning (Dec 18), and now the price is pushing to break out of that lower consolidation range. What’s interesting is the volume – it’s ticking up again, but this time it looks like buyers are stepping in and starting to soak up the selling pressure. This could be the bulls setting up for a comeback (bullish CHoCH).
Bottom line: Over the last couple of days, we went from strong bullish momentum to the bears flexing hard with that selling pressure. But now, the bulls look like they’re waking up. The volume is there, and if this breakout sticks, we could see a reversal play ou
HYPEUSDT Hyperliquid has amassed $1.58 billion USDC in assets. The airdrop distributed 274 million HYPE tokens, driving the token’s market cap to $4.75 billion and its FDV to $14.2 billion. Hyperliquid's futures open interest has grown 58.5% to $3.55 billion, and its daily trading volume hit a record $9.79 billion. Its Assistance Fund, backed by USDC trading fees, has repurchased 10.65million HYPE tokens and generated $82 million in profit, while the Hyperliquid Provider Vault (HLP) has earned $45 million in PnL gains with a 34% APR. With estimated annual revenue of $94.41 million, Hyperliquid is now one of the most profitable crypto protocols
BTCUSDT BTC
BTCUSDT quick overview of the most significant crypto news:1.Hyperliquid
- Listed the
HYPEUSDT token and distributed an airdrop worth $1.41 billion. 2.Tren Finance
- Launched the XY synthetic dollar debt token.
3.pSTAKE Finance
- Deployed PSTAKE staking on the Base mainnet.
4.Arthera
- Unveiled its AA token sale on platforms like BullPerks, Kommunitas, and Maticpad.
5.Covalent
- Announced
CXTUSDT staking on the OKX exchange. 6.Bluefin Foundation**
- Rolled out the Bluefin Airdrop Eligibility Portal.
7. SingularityNET
- Entered a strategic partnership with Mina Foundation.
8.GPT Wars
- Scheduled a token sale for GPTW on PAID and Carbon Launchpad.
9.Clearpool & Ozean
- Partnered with Mountain Protocol to introduce USDM to Oxygen.
10.Namada
- Announced its mainnet launch, set for December 3rd.
11.World of Dypians
- Became the third project under the Trust Wallet Launchpool.
12.Animoca Brands
- Invested in Igloo, the parent company of Pudgy Penguins.
