Dent priceDENT

Hyperliquid's buybacks absorb between 2% and 5% of daily sell pressure. In effect, this is not as massive a dent as you would imagine (in terms of effect it has on price). Over the longer term though, buybacks are important in terms of removing RFS (ready for sale) HYPE from circulation. It is the signal that it puts forth to the market that supports price, not the actual buyback itself.

Over the past day, $SPON has rallied an impressive 85%, jumping from roughly $0.006 to about $0.047 on Bitget. This surge follows a major protocol upgrade and growing developer interest. 🔹 Macro View & Market Sentiment Risk-on pockets emerged in an otherwise consolidating crypto market. Bitcoin dominance briefly dipped under 52% as capital rotated into altcoins with tangible utility. SPON’s v2.1 upgrade announcement spurred renewed curiosity, pulling funds from stable assets into this higher-beta play. Overall mood is cautiously optimistic—traders hunting for the next protocol breakout rather than one-off pumps. 🔹 Technical Overview (1-Hour Timeframe) Price Action: 24 h low at $0.0060, high at $0.0811, current ~ $0.0473 Moving Averages: • MA(5) ≈ $0.04298 crossed above MA(10) ≈ $0.04366 and MA(20) ≈ $0.04382—short-term bullish signal Volume: 24 h volume ~ 140K SPON; MA(5) ~ 619K, MA(10) ~ 664K. Initial surge volume was sharp, now normalizing—healthy rally RSI (6,12,24): RSI(6) ~ 61.1, RSI(12) ~ 58.1, RSI(24) ~ 56.2—mid-range strength without extreme overbought Stochastic RSI (14,14,3,3): %K ~ 41.7, %D ~ 25.9—rising from oversold, a bullish early sign Money Flow Index (14): MFI ~ 67.5—strong inflows, not yet overbought Support & Resistance Immediate Support: $0.0380 (recent consolidation low & MA cluster) Key Support: $0.0250 (prior range high) Immediate Resistance: $0.0500 (psychological barrier) Major Resistance: $0.0811 (24 h high) A sustained close above $0.0500 on firm volume could target $0.0811. A drop below $0.0380 may retrace toward $0.0250. 🔹 On-Chain Activity Exchange Flows: Withdrawals outstripped deposits, hinting at accumulation by longer-term holders. Active Addresses: Daily unique addresses up 18% post-upgrade, indicating renewed engagement. Whales: Top 10 addresses added ~ 500K SPON, quietly buying dips. Network Profit/Loss: Majority of holders remain profitable after the rally, reducing immediate sell-pressure risk. 🔹 Tokenomics Snapshot Total Supply: 2 billion SPON Circulating: ~ 600 million (30% unlocked) Allocation: Community rewards & incentives 50%, Team & advisors 20% (24-month vesting), Ecosystem fund 15%, Treasury & reserves 15% Emission: 2% weekly unlocks starting Q4 2025, tapering thereafter 🔹 Ecosystem & Development GitHub commits jumped 35% after v2.1 release, driven by new smart contracts and tooling. Partnerships include two DeFi platforms integrating SPON as collateral and a gaming guild trial. Bitget liquidity pools hold over $750K in SPON–USDT, smoothing trading. 🔹 Quant & Metrics NVT Ratio: Elevated post-rally, meaning high volume for market cap—often a contrarian oversold marker before relief bounces. Token Velocity: Up 20% in 24 h, indicating increased token circulation typical during rallies. Sharpe Ratio: Back-tested intraday returns vs. volatility show SPON’s Sharpe at 1.2 over the past week—a favorable risk-adjusted profile. Max Drawdown: Prior drawdowns hit 70%. Today’s 85% jump offsets more than half of that loss in one session. 🔹 Sentiment & Community Buzz Social channels are upbeat. Twitter mentions of SPON’s upgrade reached a six-month high, labeled “under-the-radar gem.” The Fear & Greed Index at 45 (neutral) suggests more upside potential. Telegram groups buzz about upcoming DEX listings and yield-farming incentives. 🔹 Risks & Considerations Rapid rallies can attract short-term speculators; watch volume for signs of exhaustion. Protocol upgrades need thorough audits—any bug could dent confidence. Regulatory clarity around DeFi tokens is still evolving; monitor compliance developments. 🔹 Trade Ideas & Strategy Entry Zone: $0.0380–$0.0450 for measured positions Stop-Loss: Below $0.0350 to limit downside Targets: Short-term $0.0500; mid-term $0.0700 (previous swing point) Scaling: Add on dips toward $0.0250 if volume subsides and whales keep accumulating. 🔹 Roadmap & What’s Next Aug 10: v2.2 patch with gas optimizations Aug 25: Launch of community-run DeFi pool Sept 5: Cross-chain bridge beta Q4 2025: NFT marketplace integration 🔹 Bonus Tips(not advice) Watch for RSI divergences on the 1 h chart—early signals of trend shifts. Use VWAP on smaller timeframes to gauge intraday fair value for entries. Consider position sizing using the Kelly Criterion if you plan multiple entries. Monitor MVRV-Z (on-chain tool) to spot potential profit-taking zones. Join the governance forum now to influence upcoming community pool parameters. SPON’s 85% rally is backed by real upgrades and on-chain momentum. If $0.0500 breaks with conviction, a run toward $0.0811 becomes likely. Conversely, $0.0380 is a strong floor for re-entries. Use the above quant metrics and bonus tips to fine-tune your entries, risk management, and follow-through. Good luck! Be careful and always dyor

If Fed cuts tomorrow (98% chance they don’t), then I think we pump but then dump as there will be “concerns” or “cracks” seen earlier and not because Trump is making a dent in his thinking! Few

In a week that could’ve rattled the entire crypto market, Bitcoin instead proved its strength. The sale of 80,000 BTC — worth over $9.5 billion — from a dormant, Satoshi-era wallet barely made a dent in the price chart. Instead of a bloodbath, we saw a brief dip followed by a steady recovery. So what happened? And more importantly, what does it mean? 🐳 A Legacy Wallet Comes Alive The BTC in question came from a wallet last active in 2011 — over 14 years ago — likely linked to early Bitcoin mining or acquisition. These so-called "ancient whales" have long been a source of anxiety in crypto circles. Their sudden reappearance often triggers fears of large-scale dumping and price collapse. But this wasn’t that kind of sale. Galaxy Digital, the financial services firm helmed by Mike Novogratz, facilitated the liquidation through OTC channels and controlled exchange placements. The sale was part of a legal estate-planning process, not market timing. The move was deliberate, coordinated, and — most importantly — responsible. 📉 A New Era of Market Resilience Historically, any hint of whale movement, especially from early Bitcoin wallets, led to panic selling. But this time, the price action was muted: BTC dipped to ~$114,700, likely due to anticipation and initial wallet movements. Within 48 hours, the market recovered to ~$119,400. No long-term technical damage occurred, and key support levels around $115K–116K held firmly. In essence, the market digested one of its largest single-point sales ever without flinching. 🏦 The Shift: From Whales to Institutions What we’re witnessing is a power shift. The old market revolved around large individual holders (whales), but today’s Bitcoin market is increasingly driven by: Institutional ETF flows, with over $14.8 billion invested into spot Bitcoin ETFs. Long-term holders and fund managers treating BTC as a macro asset, not a speculative coin. Deepened liquidity and structured execution that prevents large slippage. This infrastructure upgrade means that Bitcoin no longer lives or dies by the moves of individual whales. 🧠 Psychological Maturity in the Market Perhaps the most overlooked takeaway is how investor psychology has matured. In earlier cycles, news of whale movement was enough to crash BTC 10–20% in hours. Now, investors ask better questions: Was the sale structured? Was it tied to personal finance or macro risk? Is institutional demand absorbing it? These questions replaced knee-jerk fear. That’s a bullish signal in itself. 🔮 Outlook: A Market That Passed the Test Analysts now believe this was a crucial stress test — and one that Bitcoin passed decisively. Ledn’s CIO John Glover suggested BTC may now resume its rally toward $132,000, citing the completed Elliott wave structure. Technical support at $115,000 proved durable. If ETF inflows continue and no further ancient whales appear, the next leg up could be imminent. ✅ Final Word: A Quiet Milestone The 80,000 BTC whale sale could’ve been catastrophic. Instead, it became a proof point — a moment that validated Bitcoin’s evolution from a volatile experiment to a robust financial system. This wasn’t just another market dip. It was a silent, successful handoff from the old guard to the new — and a strong reminder that Bitcoin’s future is no longer fragile. $BTC

I do not care what people say - but hyperEVM is one of the most competitive places to try and earn points on protocols I've ever seen. Like, $25k in there for over a month and not even remotely making a dent. I started farming hyperEVM late as I had funds locked elsewhere - so