A whale is heavily leveraged to long BTC on the Hyperliquid platform

The launch of round-the-clock bitcoin futures trading eliminates the long-standing CME weekend gap and marks another step toward fully integrated institutional crypto markets. What to know : From Friday, CME Bitcoin futures and options now trade 24/7 on Globex, ending the traditional Friday-to-Sunday market closure that created the widely watched “CME gap.” Despite the structural shift, liquidity remains concentrated in ETF options and offshore perpetuals, with IBIT options open interest far exceeding CME crypto options markets.

BTC dropped to its lowest since April 13 and ETH broke below $2,000 as U.S. airstrikes stoked inflation concerns, wiping out nearly $900 million in leveraged longs. What to know : Nearly $958 million of crypto positions were liquidated in 24 hours, with longs accounting for $897 million of the total as investors shifted to risk-off sentiment following airstrikes in the Strait of Hormuz. Ether open interest hit a record even as the token fell below $2,000, a divergence that typically signals traders are adding shorts in anticipation of further losses rather than buying the dip. Around $8 billion in options expire on Deribit on Friday, with bitcoin's max pain at $75,000 just above spot price. Despite headline volatility near yearly lows, the put-call skew remains elevated, meaning traders are still paying for downside protection.

Arthur Hayes stated in his podcast 'The Rollup' that only AI stocks have performed strongly in the global capital market, while other tracks are generally sluggish. He believes that the reasons include shrinking demand due to consumer unemployment, AI giants absorbing global credit, governments prioritizing support for AI capital expenditures, and compressing financing space for other industries. He pointed out that this is not a bull market where the tide rises and the boat rises. Only a few currencies in the cryptocurrency market have strengthened, and most people are facing difficult times.

According to Lookonchain monitoring, yesterday a whale deposited 6.2 BTC (approximately $455000) into Hyperliquid and sold it, then opened a BTC short position worth approximately $107 million, with a holding size of 145.42 BTC. One hour ago, it closed a short order with a profit of $311600, and then went long in reverse. At present, it is long 416.6 BTC with 40 times leverage, with a position value of approximately $306 million, and has set a take profit price of $74400. If triggered, it is expected to make a profit of approximately $439000. The current settlement price is 72400 US dollars.

Mizuho Bank has raised its target price for Micron Technology (MU. O) from $800 to $1150.