Bitcoin (BTC) price is trading in the green on Wednesday, holding above $78,000 while struggling to extend its recovery above the $80,000 mark. Institutional demand is strengthening, with steady inflows and BlackRock’s tax-deferred Bitcoin-to-ETF swap volume reaching $5 billion. On-chain data points to rising BTC holdings by large-wallet investors, commonly referred to as whales, suggesting increased buying activity.
Hyperliquid (HYPE) is up 4% on Wednesday, with bulls aiming to advance last week’s 43% gains to a fresh record high above $83.30. The “Everything Exchange” is gaining institutional and user demand, with Exchange Traded Funds (ETFs) recording daily inflows of over $5 million in each of the last two days, while printing daily revenue of over $2.75 million over the last seven days. The technical outlook for HYPE is bullish, with momentum remaining elevated.
Bitcoin (BTC) has retained a strong bullish outlook since last week, trading around $79,000 on Wednesday. As the Crypto King consolidates, bulls appear to be mulling another breakout attempt to reclaim $80,000 and push beyond the supply zone at $82,500. As for major altcoins, Ethereum (ETH) holds above $2,400 while building momentum for a potential breakout past $2,600.
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