Coindesk

The liquidation of an over $200 million long trade on ether (ETH) lead to a $4 million loss for Hyperliquid, where the "whale" placed the bet.The liquidation saw wallet ‘0xf3f4’ opening a highly leveraged 50x long ETH position, depositing $4.3 million USDC as margin for a total size of 113,000 ETH.The wallet then started withdrawing funds, reducing the margin below maintenance requirements in a move that resulted in a $1.8 million profit for the user but a $4 million loss for Hyperliquid’s Hyperliquid Provider (HLP) vault.Vaults are a blockchain-based product on Hyperliquid where users can deposit USDC to potentially earn a share of profits generated by trading strategies of other users or the vault’s owner.The moves created speculation among Hyperliquid...

Inflation in the U.S. softened more than expected in February, putting Federal Reserve rate cuts firmly back in the plan as spring and summer approach.The Consumer Price Index rose 0.2% in February, according to a report from the Bureau of Labor Statistics on Wednesday morning. Expectations were for 0.3% and January's pace was 0.5%. On a year-over-year basis, headline CPI was higher by 2.8% versus forecasts for 2.9% and January's 3.0%.Core CPI, which excludes food and energy costs, increased 0.2% in February against forecasts for 0.3% and January's 0.4%. On a year-over-year basis, core CPI was running 3.1% versus expectations for 3.2% and January's 3.3%.The price of bitcoin (BTC) rose more than 1% to $84,100 in the minutes following the...

By James Van Straten (All times ET unless indicated otherwise)Macroeconomic factors continue to drive bitcoin's (BTC) short-term price volatility as it holds steady above $80,000, with a wave of significant news emerging over the past 24 hours.Still, there's a risk-off feeling in the air as the divergence between bitcoin and the broader crypto market grows. Bitcoin dominance has surged to 62%, approaching a year-to-date high, while the ether-to-bitcoin (ETH-BTC) ratio has turned negative on a four-year compound annual basis, meaning ETH is underperforming.Meanwhile, Trump’s trade wars persist as another concern reining in optimism in the market. That's not just with Canada, but also in the form of metal tariffs, prompting retaliatory measures from the European Union.One of the most intriguing...

Bitcoin's (BTC) four-year compound annual growth rate (CAGR) has dropped to its lowest recorded level of 8%, according to Glassnode data. The four-year period was chosen to align with bitcoin’s (BTC) halving cycle while also capturing the typical bull/bear market cycle, which tends to follow a similar timeframe.In March 2021, four years prior, bitcoin was trading around $60,000, near the peak of the previous market cycle. The decline in CAGR is expected as bitcoin's volatility and returns diminish over time as the asset matures. However, this metric is highly dependent on the reference points. In 2021, Bitcoin was experiencing a blow-off top early in the cycle, whereas in March 2025, $80,000 could be marking a cycle bottom. The ether (ETH)-to-bitcoin...

Japanese hotel company Metaplanet (3350) has acquired 162 bitcoin (BTC) for $13.5 million at an average price of $83,123 per bitcoin, achieving a year-to-date bitcoin yield of 53.2%. The BTC yield represents the percentage change in the ratio of bitcoin holdings to fully diluted shares outstanding over a given period. As of March 12, Metaplanet holds 3,050 BTC valued at $253.7 million, with an average acquisition price of $83,180 per bitcoin.Additionally, the company has issued 2 billion JPY ($13.5 million) in zero interest ordinary bonds to fund further bitcoin acquisitions. At the time of writing, Metaplanet shares were trading at 3,630 yen, down almost 50% from it's all-time high in February.Source link