DeFi News Daily Official TheBitTimes.com

A widely followed crypto analyst is warning that one Dogecoin (DOGE) competitor may suddenly collapse in value. In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 248,700 followers on the social media platform X that dogwifhat (WIF) needs to hold $0.78 as support or it may enter an enduring bearish phase. “WIF these levels need to hold here or its to the gulag for many of these shitcoins. Scary situation and many of these do have bearish market structures on the lower time frames.” Source: Altcoin Sherpa/X WIF is trading for $0.7791 at time of writing, flat on the day. Next up, the analyst shares a chart suggesting Bitcoin (BTC) is gearing up for a massive breakout toward a new all-time high of $124,000. “Everything is slow bleeding with BTC chopping. It’d be a shame…”. Source: Altcoin Sherpa/X He also says that he is remaining bullish on Bitcoin since the flagship crypto asset continues to exhibit market stren...

James Wynn, a high-stakes crypto whale, has just lost nearly $100 million in Bitcoin (BTC) after the asset briefly dipped below $105,000. ARKHAM ALERT: JAMES WYNN HAS JUST BEEN LIQUIDATED FOR $100 MILLION DOLLARS pic.twitter.com/dJNCUmbgZO — Arkham (@arkham) May 30, 2025 Some context: Wynn bet on a BTC rebound through Hyperliquid (HYPE), opening two massive long positions, one of 527.29 BTC (that’s $55.3 million) and another of 421.8 BTC (or $43.9 million). But when Bitcoin dropped to a 10-day low, his positions were liquidated. What’s worse, a separate position of 94 BTC ($10 million) was also liquidated just yesterday.  That’s a total of 949 BTC, or $99.3 million, gone with the wind within a week. Crypto trader Wynn has no regrets A self-professed “degenerate trader”, Wynn has quite a history with crypto, with the last three months being almost incredible, as he’s gone from $82 million in profits only to losing $100 million. After his PE...

The Hyperliquid price jumped 14% in the last 24 hours to trade at $12.15 as of 12:29 a.m. EST on trading volume that skyrocketed 146% to $434 million. Hyperliquid Price Shows Bearish Momentum Near Key Fibonacci Support The HYPE price is experiencing a strong bearish trend, breaking below key Fibonacci levels. The Hyperliquid price chart shows a retracement from the $35.52 high, with price action now sitting around the 0.618 Fibonacci level ($19.79). This is a crucial support zone because the golden ratio (0.618) is often seen as a reversal point. However, a clear breakdown below this level increases the likelihood of testing the 0.786 level at $15.51. Additionally, the price of HYPE is trending below the 50-day Simple Moving Average (SMA) at $23.41, confirming that sellers are in control. The Relative Strength Index (RSI) at 33.75 is indicating increasing selling pressure, but being near 30 suggests a possible bounce. However, if the RSI dips below 30, it could signal further dow...