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Hyperliquid will launch its native stablecoin $USDH via validator voting.
The network update will also reduce fees on some trading pairs by 80%.
$HYPE
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Airdrop is important, don't miss this opportunity. Near Mobile Airdrop New Airdrop expires in 8 days. An Airdrop involves downloading the app and completing the tasks to earn points. The points you collect, based on the amount, will be exchanged for NPRO currency, which will be released on December 15th. Registering with the app is as simple as creating a new wallet. Download the NEAR Mobile application from the Google Play Store, Or Apple Store, register and generate currency for free from your phone. Invite: JF27UK Create a new wallet, and it's very important that you keep your wallet passwords. Use this referral code: JF27UK Complete the tasks to earn points. Good luck to everyone ❤️. $NEAR
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I do believe that Bitcoin Dominance has topped for this cycle and that any bounces can offer good entries on (strong) alts relative to $BTC for the next few months. But in the short term, I would not be surprised to see some bounce on the Bitcoin Dominance pair first. Whether it's because BTC tests lower levels and the market panics a bit, or if actually breaks out into price discovery itself, leaving alts behind for a bit. Both would both be fine in my opinion and each has their own advantage. You ideally want to see BTC lead the market out of these consolidations. That usually makes for the strongest rallies and a good base to move from. And if BTC.D bounces because we see further market weakness that would only mean there's some decent discounts out there on the alts you like. If we simply see BTC move up and alts go up at the same time, that is good for our bags but it would make this rally less sustainable and overheat quicker. I do believe BTC.D sees lower levels in 2025 but that ALT/BTC outperformance won't be shared with every altcoin out there, as has been pretty evident this cycle. Even just these last few months it has mainly been ETH and some other coins really putting in the work. So stick with strength. $BTC $ETH
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Massive outflows from exchanges. Both Bitcoin and Ethereum saw significant outflows this week. ✅ Typically, outflows of coins from exchanges indicate that whales and large investors intend to hold onto them for the long term and not sell. 🔥 This is a positive sign of strong confidence in the market despite the current volatility. $BTC $ETH
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📊🇺🇸 US Spot Bitcoin ETFs recorded net positive inflows of +$3,018 BTC last week ✅. This signals a return to buying activity after a full week of withdrawals, demonstrating support for Bitcoin even with volatile price action at around $108,000. Continued positive inflows from institutional funds are a sign of market stabilization and a gradual upward shift. $BTC
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Giant Whale Suffers Millions in Losses on This Altcoin After a Major Short Position. According to Onchain data, an altcoin whale suffered a significant loss after shorting the altcoin. According to data from on-chain monitoring platform HyperInsight, a crypto whale known as “Iron Head Air Force” and whose address starts with 0x880ac has been experiencing heavy losses in short positions opened in various cryptocurrencies for the past month. The whale's total losses in the last week alone have reached $10.41 million. The whale, whose largest short position is in PUMP, had an average opening price of $0.0033 and currently has an open loss of approximately $12.97 million. The address also holds a short position of $30.04 million in SOL and $12.58 million in BTC, and similarly maintains short positions in other major cryptocurrencies like LINK, BCH, and LTC. Meanwhile, the Ethena Foundation's additional buyback plan has pushed the price of ENA up over 13% in the last 24 hours. According to on-chain data, the whale with the address 0x6b7…c5e9c, the largest investor in ENA on Hyperliquid, made a profit of $3.10 million by opening 5x long positions. $HYPE $SOL $ENA
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