Foreign media outlets have summarized market opinions, noting a clear divergence in the recent price movements of XRP, Bitcoin, and Hyperliquid. XRP has held steady around $1.34, supported by continuous inflows into ETFs, while Bitcoin has been under pressure due to persistent outflows from spot ETFs. Market funds continue to shift towards stablecoins and defensive positions.
XRP received support from capital inflows.
The article cites market observer Ali Martinez as saying that XRP has recently formed a localized demand zone around $1.34. Hourly charts show it is still trading near the lower edge of an upward channel; if this level holds, the short-term target range could be $1.37 and $1.40.
Unlike the recent pressure on Bitcoin and Ethereum-related products, the article states that XRP-related ETFs have seen net inflows for four consecutive weeks. This change is seen as a key factor supporting XRP's relative resilience, making the $1.34 level a crucial point of market attention.
Bitcoin faces funding and technical pressures
The article cites technical analyst Aksel Kibar as saying that after Bitcoin fell below the $71,500 to $73,900 range, its previous bullish structure was broken, and the market began to worry about further lows.
The article also mentions that spot Bitcoin ETFs have seen outflows for 10 consecutive days, totaling approximately $2.9 billion, equivalent to about 46,000 BTC. The author believes that this round of institutional fund withdrawal has weakened the support for Bitcoin and further weakened market sentiment.
The article also links this trend to broader fund rotation, stating that some funds are flowing into AI concept stocks, pushing the S&P 500 and Nasdaq to remain high. Meanwhile, Bitcoin's market share has fallen below 60%, indicating a shift in the power dynamics within the crypto market.
HYPE attracts attention after hitting a new high
Regarding altcoins, BitMEX co-founder Arthur Hayes continues to publicly express his bullish view on Hyperliquid's token HYPE. The article states that HYPE hit a new all-time high after rising to around $70, and Hayes believes it should at least catch up to SOL in this cycle, giving a medium-term target of $150.
The article compares Solana's current market capitalization to Hyperliquid's, noting that while HYPE has a smaller circulating supply and a buyback mechanism, it's more susceptible to amplified price increases when funds are concentrated. The article also mentions that HYPE, currently at a high level, faces the risk of a short-term technical correction.
Stablecoin flows and data windows
The article concludes by mentioning that the market is awaiting the release of US macroeconomic data. Bitcoin is currently fluctuating around $73,800, with resistance concentrated between $75,000 and $76,000, and support between $70,000 and $71,400.
The author states that USDC's market share has returned to above 10.5%, while USDT's daily issuance decreased by approximately $1.2 billion, reflecting a shift of some large funds to more conservative positions ahead of the release of US economic data. Key market focus points include the Federal Reserve's Beige Book and US unemployment data, which could influence the short-term direction of risk assets.
