JeanAndreV 🇻🇪

Great article. At HODL, we built infrastructure on Hyperliquid because we believe it is the house of on-chain finance and strategies: continuous markets, deep liquidity, transparent rules, and open access. hyperliquid:native @HyperliquidX

Weekly HODL May 21 $BTC $77.714 (-4.1% 7d) $ETH $2.136 (-6.0% 7d) $SOL $87.10 (-5.3% 7d) $HYPE $57.60 (+24.0% 7d) Stablecoins mcap $322.94B (+0.15% 7d) DeFi TVL $83.278B HYPE led the week, breaking to new all-time highs while the rest of crypto had weaker price action. The move was supported by growing traction around perp-native venues, ETF access, and the broader debate over whether platforms like Hyperliquid are becoming large enough to require regulated-market oversight. That debate became part of the story. CME and ICE reportedly pushed U.S. regulators to scrutinize Hyperliquid over manipulation and sanctions-risk concerns, especially around 24/7 commodity-linked perps. Rather than killing the narrative, it reinforced the point that onchain perps are now big enough for legacy exchanges to pay attention. The biggest product catalyst was the expansion of pre-IPO perps. SpaceX perps launched near a $1.78T valuation, bringing private-market exposure onchain, while Binance joining the race validated the category further. Together, Hyperliquid and Binance turned synthetic pre-IPO exposure into one of the week’s clearest market-structure stories. BTC, by contrast, had a slower and slightly weaker week. Price action stalled around $77K–$78K, with no clean breakout and momentum capped by ETF outflows, macro pressure, and lower risk appetite. At the same time, BTC implied volatility compressed into the high-30s / low-40s, near 2026 lows, suggesting the options market was pricing calmer near-term moves despite spot looking fragile. Outside of price, tokenized equities stayed in focus after reports that the SEC is preparing an exemption for tokenized stock trading on crypto platforms. Overall, the week’s main signal was not broad crypto strength, but a sharper shift in market structure: perps, tokenized stocks, and private-market exposure continue moving deeper onto crypto rails.

BTC Momentum Snapshot 2026-03-03 (UTC Close) BTC: $68.295 BTC Momentum: $112.965 Source: hodlprotocol.io

BTC Momentum Snapshot 2026-02-11 (UTC Close) BTC: $67.054 BTC Momentum: $112.965 Source: hodlprotocol.io

This week, we are in Hong Kong 🇭🇰 for Consensus! Focused on how technology can accelerate tokenization and expand participation in financial markets.

Weekly HODL February 06 $BTC $64,120 (-22.1% 7d) $ETH $1,888 (-31.1% 7d) $SOL $76.30 (-33.1% 7d) Stablecoins mcap $305.88B (-0.66% 7d) DeFi TVL $93.71B This week turned into a classic risk-off unwind. BTC saw its biggest 1-day drop since Nov ’22 on Feb 5, sliding into the low-$60Ks and dragging the whole market lower. The move was accelerated by a leverage flush, with $1B+ of forced liquidations in a single session. Zooming out, the drawdown is now big in “cycle terms” too: roughly $2T of total crypto value has been wiped since the October peak (with ~$800B of that in the past month). Volatility repriced higher close cycle over cycle historical levels during the selloff. Under the surface, two things stood out. First, “DAT” balance sheets are back in the spotlight: Strategy reported $17.44B of unrealized losses in Q4, and Tom Lee’s BitMine is sitting on about ~$8B of unrealized losses headlines that stress the digital-asset treasury model. Second, despite BTC being ~40% off highs, spot BTC ETFs barely flinched: only ~6.6% of assets have been redeemed, suggesting holders have been more resilient than the price action looks.

Kicking off February on the road. Tomorrow we’ll be at the @DAF_Global in London.🇬🇧 We’re continuing to expand our partnership network, connecting with investors, asset managers, and liquidity providers as we work to broaden access to institutional-grade strategies.

To everyone who built with us, backed us, and partnered with us this year: thank you. With your support, together with other hedge fund managers, investors, protocols, and early supporters, we’re on the verge of making historically gated strategies and products available through a broader distribution model. We’re kicking off 2026 with a series of announcements as we expand this work across multiple channels and jurisdictions: more funds, more strategies, more access, coming in January. Stay tuned!