Bitcoin Plunges to $109K as ETF Momentum Fades - Hyper Whales Pour $117K Into Market Within 48 Hours

Bitcoin's rally hits a wall as institutional demand cools off.

The ETF Slowdown Reality Check

Exchange-traded fund inflows stagnate just as Bitcoin approaches previous resistance levels. Traditional finance's latest crypto experiment faces its first real test of endurance.

Whale Activity Defies Market Sentiment

While retail investors panic-sell, deep-pocketed players make their move. The $117K injection over two days signals confidence where others see uncertainty.

Market Psychology at Breaking Point

Traders grapple with the classic crypto dilemma: is this a healthy correction or the start of something worse? The charts don't lie, but they also don't pay your margin calls.

Meanwhile, Wall Street bankers continue collecting management fees regardless of which way the price swings—some things never change in finance.

Long-Term Investors Cash Out 3.4M $BTC

Glassnode found that long-term holders have realized 3.4M $BTC in profits, more than any past cycle. While it doesn’t signal the end, new demand is necessary for bitcoin to maintain a competitive edge.

HODLers and institutional buyers are shaping the cycle by scooping up $BTC through US Spot ETFs and digital asset trusts. In turn, they help drive demand that keeps the crypto leader rallying. ETF inflows are what have kept HOLDERs from selling up historically, but the balance is fragile.

During the time of a Federal Open Market Committee (FOMC) meeting discussing interest rates, long-term holders began selling around 112,000 $BTC per month. Around the same time frame, ETF buying nosedived from around 2.6K $BTC a day to almost nothing.

But here’s where $BTC’s future trajectory starts to look more promising. Despite these pullbacks, the drawdown for $BTC’s $124K ATH is just 12%.

It’s also worth noting that capital inflows have been substantial. Over $678B has flowed into Bitcoin since November 2022, almost 1.8x more than in the previous cycle.

Suppose ETF buying also picks up, $BTC might be positioned not only to recover but also to reach greater highs.

If a new bull run starts to form, the launch of Bitcoin Hyper this quarter will be even more highly anticipated.

To support the next wave of $BTC adoption, the L2 is designed to provide the scalability, speed, and low fees essential for meeting rising demand.

Bitcoin Hyper Addresses Bitcoin’s Biggest Barriers

Bitcoin Hyper is on a mission to address the Bitcoin network’s most well-known pain points. Take its transaction speed, for instance. Currently, Bitcoin can process only 5.96 transactions per second (tps), which is 67.56% lower than Ethereum’s 18.39 tps.

Interestingly, Bitcoin’s current average gas fees of $0.845 are slightly lower than Ethereum’s $1.08. Nevertheless, both networks lag far behind speedier networks like Solana, where fees rarely exceed $0.05.

To top it off, the L2 will feature a Canonical Bridge, allowing you to quickly and easily MOVE $BTC into the Hyper ecosystem.

The bridge will also enable you to access a range of new opportunities, spanning DeFi and dApps to launchpads and NFT marketplaces.

The outcome? Bitcoin will be more useful than ever.

$HYPER Supports L2 Developments & 64% Staking Rewards

$HYPER is the backbone of the entire Hyper ecosystem. Its presale success hinges on the L2’s success – 30% of its total token supply funds its developments, after all.

But beyond helping propel the network to rosier pursuits, $HYPER comes with other holder benefits, including governance rights, lower gas fees, and the opportunity to earn a 64% staking APY. (Note: this rate will decrease as more investors clock on.)

You can get involved by purchasing $HYPER on presale for just $0.012975. Our Bitcoin Hyper price prediction anticipates the coin to reach $0.32 this year, following the L2’s official launch.

Now might be an opportune time to join for possible gains of 2,367% if that target is hit.

Visit the Bitcoin Hyper presale.

This isn’t investment advice. Always do your own research and never invest more than you’d be sad to lose.