This wave in the market is an early bet on interest rate cuts, and the rebound rhythm is expected to drag on until the actual rate cut is implemented. From here on, it all depends on whether Powell is the "hawk king" or "dove king"; a single sentence could determine the next trend.
What's even more outrageous is that a whale directly threw 70 million USDC into Hyperliquid, and then a few hours later crazily swept 54,000 ETH long positions at $3,048 (totaling $166 million).
Now there is already a floating profit of + $910,000.
The whale has already prepared the car and is ready to take off. $ETH
ETHUSDT
Perp
3,320.86
+6.88%