The crypto market is in "Extreme Fear" (Index: 15), but while most are panic-selling, smart money is watching these 3 specific narratives. Are we at the bottom, or is there more pain to come? 📉👇
1️⃣ The Bithumb "Glitch": $44 Billion Mistake?
South Korea’s Bithumb exchange just rocked the market. An internal error credited ~695 users with 620,000 "phantom" Bitcoins instead of a small cash reward.
The Chaos: BTC price on Bithumb crashed 17% in minutes as users tried to liquidate.
The Reality: No on-chain BTC moved, and 99.7% has been recovered. However, the regulatory fallout in Korea is adding massive sell pressure to $BTC.
2️⃣ $HYPE Flips $ADA: A New Era for Perp DEXs?
While the market bleeds, Hyperliquid (HYPE) is the outlier. It recently flipped Cardano in market cap, hitting a $13B valuation.
Why it’s trending: Record daily revenue ($6.8M+) and a massive "buyback and burn" program are keeping it bullish while others lag. Is $HYPE the new "Solana killer" for DeFi?
3️⃣ Solana’s "Alpenglow" & Ethereum’s "Glamsterdam"
Despite the price dip, the tech isn't stopping.
$SOL: The upcoming Alpenglow upgrade aims to cut transaction finality to 150ms.
$ETH: Market sentiment is weak, but the Glamsterdam upgrade (mid-2026) is the only hope for Ethereum to reclaim its dominance from Layer 2s.
