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Crypto Market Recap: QNT, CAKE, JUP Lead the Markets While PI & BONK Face Huge Upward Pressure

  • Bitcoin struggled to reclaim the $110K range, leading to a slight market collapse with market capitalization dropping below $3.5 trillion. Hyperliquid (HYPE) surged to a new ATH near $40.
  • Tokens like Pi, BONK, SPX6900, and Sui saw losses of 4-5%, while altcoins dipped slightly. Bitcoin whales have started selling, contributing to bearish price action.
  • Whales with over 10,000 BTC are selling, while smaller whales are accumulating, indicating increased investor confidence. Institutions have paused BTC accumulation.
  • Traders are bullish on Bitcoin expecting nominal growth and high leverage suggests a potential upward movement. Market scenario indicates bulls maintaining control despite short-term pullbacks.

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