Despite the Bärische trends, whales collect a hype with millions in USDC

• The hype drops by 8.50%, since old coins in the middle of the volatility of the market are exposed to high sales pressure.
• Bitcoin slips under 90,000 US dollars and increases the wider crypto market.
• Bybit Hack Shakes Market After $ 1.4 billion have been stolen from crypto, it fears sold out fears.
• Despite the Bärische trend, the whales collect hype with millions in USDC deposits.

The cryptocurrency market is faced with intensive volatility, with the hype experiencing a strong decline because the wider Altcoin prices overthrow. The downturn takes place after a massive violation of cyber security at Bitbit Exchange, in which hackers reported digital assets of over 1.4 billion US dollars, mainly Ethereum (ETH). This has triggered a widespread fear of a potential sale, which complements the already fragile market mood.

Bitcoin (BTC) has also suffered a severe decline, which has slipped below 90,000 US dollars, which continued to press the old coins. The cascade effect has led to considerable losses on the market, with hyperliquid under the tokens that are faced with strong sales pressure.

The token is currently acting with a trade volume of 24 hours of $ 204.76 million and a market capitalization of $ 6.59 billion, which is due to a decline of the past day by 8.50%.

Interestingly, despite the bearish market conditions, the token has recorded its highest weekly trade volume against Binance Perpetual Contracts. The data show that Binance is 83.6% of the trading volume, while hyperliquid holds 16.4% and speculations is triggered by a potential “bullish dump” scenario.

Whales collect hype despite market volatility

In the middle of this volatility, anching data indicate that large investors accumulate the tokens. Lookonchain data show that several WAL letters have made considerable purchases.

A wallet (0x9f70… DB0D) paid 5 million US dollars into hyperliquid 15 hours ago to buy hype, while another (0x8ad6… F23D) has been added 2.07 million US dollars in the last 24 hours. In addition, a third wallet (0x48f1… 359c) paid in just 8 hours ago 1.35 million US dollars.

While the market mood remains shaky, whale activity indicates that the long -term potential of the token grows a profit of the token. It remains to be seen whether this accumulation leads to a price impact or a further decline, but the coming days will be of crucial importance for the token and the wider cryptom market.

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