# Сопутствующие статьи по теме Liquidity

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Liquidity", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Unsteady Ground, Room to Bounce

Bitcoin remains in a tenuous consolidation below the $70k resistance level, with weakening buy-side momentum and declining realized profits. The Percent of Supply in Profit has fallen to levels historically associated with early bear markets. Short-term holder cost basis near $70k presents a key resistance zone. However, signs of stabilization are emerging: spot and ETF selling pressure is moderating, derivatives leverage is compressing, and options markets show fading downside fear with growing upside call interest around the $75k strike. The market appears to be transitioning from a stressed regime toward a more balanced state, though a sustained recovery depends on renewed spot demand.

insights.glassnode03/04 15:44

insights.glassnode03/04 15:44

Ray Dalio: Gold is a better option than Bitcoin, tech stocks because…

Global economies faced significant uncertainty in 2025-2026 due to trade restrictions and geopolitical tensions, leading investors toward established assets like gold. According to Ray Dalio, gold is perceived as a safer, more established store of value, especially since central banks and individuals are acquiring it as a hedge against inflation and debt. Gold has shown strong performance, trading within an ascending channel and avoiding major drawdowns. In contrast, Bitcoin lags behind due to its lack of privacy and traceable transactions, which deter central banks from holding it. Dalio also notes that Bitcoin has a high correlation with tech stocks, making it vulnerable during market downturns. Investors tend to liquidate BTC during financial stress, adding downward pressure. While gold benefits from its role as a portfolio diversifier and sustained demand, Bitcoin remains influenced by global liquidity and risk sentiment. For Bitcoin to rival gold, a shift in demand and improved market liquidity would be necessary. Until then, gold is positioned to outperform.

ambcrypto03/04 15:02

Ray Dalio: Gold is a better option than Bitcoin, tech stocks because…

ambcrypto03/04 15:02

Unlocking Unicorn Tickets: From Robinhood to MSX, An On-Chain Experiment in Pre-IPO Democratization

"Unicorn Ticket Opening: From Robinhood to MSX, A Chain-Based Pre-IPO Equality Experiment" The article explores the emerging trend of using tokenization to democratize access to Pre-IPO shares of high-value unicorn companies like SpaceX, OpenAI, and ByteDance. While RWA (Real World Asset) tokenization has already brought traditional assets like bonds and stocks on-chain, the primary market for pre-IPO equities remains largely inaccessible to retail investors. Two main approaches are emerging: 1. **Perpetual Contracts (exemplified by Hyperliquid):** Offers synthetic exposure to a company's valuation through derivatives, providing low barriers and high liquidity but lacking direct ownership of the underlying asset and carrying regulatory uncertainty. 2. **Tokenized Equity Mirrors (exemplified by Robinhood Europe and MSX):** Uses a compliant structure where a regulated third-party custodian (like Republic) holds the actual shares in an SPV (Special Purpose Vehicle). This SPV's equity is then tokenized and distributed to investors. This method, though more complex to implement, provides legally protected ownership rights and a direct claim on the equity. The collaboration between MSX and Republic to launch a Pre-IPO专区 (dedicated zone) in the Asia market, following Robinhood's earlier experiment, is highlighted as a key development. It aims to bridge the gap for Asian investors, offering access to tokenized shares of top unicorns with a low entry threshold (e.g., 10 USDT). The core narrative is that blockchain technology is creating a new "1.5-level market" between the closed primary market and the public secondary market. This democratizes access for users seeking pre-IPO growth红利 (dividends) while also providing private companies and early shareholders with access to a new, global pool of incremental capital and liquidity options. The conclusion notes that while the underlying technology is mature, the success of this model depends on clear regulatory paths, reliable risk mechanisms, and effective liquidity matching between institutions and retail users. The year 2026 is seen as a critical juncture to determine if this becomes a mainstream asset class or remains a conceptual experiment.

比推03/04 09:41

Unlocking Unicorn Tickets: From Robinhood to MSX, An On-Chain Experiment in Pre-IPO Democratization

比推03/04 09:41

Bitcoin absorbs U.S. government transfer and Middle East FUD – Details

Despite market volatility and FUD driven by the Middle East conflict and a U.S. government transfer of a small amount of Bitcoin, BTC remained resilient, holding around $67k with only a 1% dip over 48 hours. Nearly 50% of Bitcoin supply is underwater, yet strong institutional demand was evident as Bitcoin ETFs attracted nearly $700 million in inflows during this period. Key figures like Michael Saylor and BlackRock expressed confidence, indicating smart money is treating the dip as a buying opportunity. This suggests underlying bid strength and capital rotation rather than distribution, making the recent FUD a potential bullish signal.

ambcrypto03/04 09:02

Bitcoin absorbs U.S. government transfer and Middle East FUD – Details

ambcrypto03/04 09:02

2026 Death List: Games Are Dead, DeFi Is Dead, Tools Are Dead, Who's Next?

"Death List 2026: A Quiet Mass Extinction in Crypto" The crypto market is experiencing a wave of silent shutdowns in early 2026, with over 10 Web3 projects ceasing operations within 90 days. Unlike dramatic collapses of the past, these projects are dying quietly, often with a simple announcement before servers go dark. Key failures span major sectors: - **Play-to-Earn Games**: GENSO Online is closing with monthly costs 5x its revenue. Pixiland abandoned its Web3 plans and token generation event (TGE), and Forgotten Runiverse went offline indefinitely due to broken funding. - **DeFi Protocols**: ZeroLend, once a leading L2 lender with $250M TVL, is honorably shutting down after suffering from fragmented liquidity across multiple chains and the withdrawal of oracle support. Polynomial canceled its TGE, admitting its product was in a "decaying state." Step Finance collapsed after a $40M hack originating from a compromised executive's device. - **Infrastructure & Tools**: Parsec, a well-funded on-chain analytics tool, failed to compete against giants like Dune and Nansen and shut down after 5 years. ENS scrapped its Layer 2 Namechain because Ethereum's Fusaka upgrade slashed mainnet gas fees by 99%, making the L2 unnecessary. Common themes behind the failures include a fundamental lack of sustainable revenue, the trap of unsustainable multi-chain expansion, and security failures that are often human, not technical. The industry is seeing a brutal consolidation of capital towards projects with real demand, like stablecoins and RWA, while regulatory clarity pushes out non-compliant players. Despite the carnage, some projects, like Polynomial and ZeroLend, are choosing responsible shutdowns over harming their communities, setting a new standard for accountability.

Odaily星球日报03/04 08:35

2026 Death List: Games Are Dead, DeFi Is Dead, Tools Are Dead, Who's Next?

Odaily星球日报03/04 08:35

Bloomberg Reports Twice, Hyperliquid Re-enters Wall Street's View

On February 28, during U.S. market off-hours, Hyperliquid’s crude oil perpetual contracts saw significant price and volume movements in response to geopolitical tensions involving Iran, as reported by open-source intelligence. The platform’s 24/7 trading capability allows continuous price discovery, especially during weekends when traditional markets are closed—highlighted in two recent Bloomberg articles. This has drawn Wall Street attention as crypto and traditional finance increasingly intersect. Hyperliquid’s native token HYPE has decoupled from Bitcoin, gaining 13% during the event, partly due to its tokenomics: 50% of trading fees from its HIP-3 protocol are used to buy back HYPE. The platform also saw substantial activity during earlier precious metal rallies, with silver volumes reaching $1.2 billion. However, challenges remain. While Hyperliquid performs well for retail-sized orders, its depth and slippage lag behind traditional venues like COMEX, especially during high volatility. Institutional adoption requires improvements in KYC, liquidity models, and risk infrastructure. Despite this, Hyperliquid’s ability to provide real-time, off-shore risk pricing positions it as a growing force in the evolution toward always-on financial markets.

marsbit03/04 06:30

Bloomberg Reports Twice, Hyperliquid Re-enters Wall Street's View

marsbit03/04 06:30

Global Asset Plunge: Hormuz, Chips, and a Korean Holiday

A major geopolitical shock occurred on February 28th when a US-Israel coalition launched a massive airstrike on Iran, resulting in significant global market turmoil. This event served as a severe stress test for popular financial narratives, particularly the "debasement trade" which posits that gold and Bitcoin act as hedges against currency devaluation during crises. Initially, gold spiked but then fell over 4%, while silver plummeted 8%. Bitcoin remained largely stagnant. Contrary to expectations, the US Dollar Index rose 1.1%. The core insight was that in an acute crisis, the US dollar, due to its deep liquidity, became the primary safe-haven asset as investors rushed to cover margins and deleverage. South Korea's market, closed for a holiday, experienced a delayed and extreme reaction, with the KOSPI crashing 7.24% upon reopening. This sell-off was exacerbated by high retail leverage and concentrated exposure in key semiconductor firms like Samsung and SK Hynix, critical to the global AI supply chain. The conflict also raised fears about oil supply disruptions via the Strait of Hormuz, directly impacting energy-dependent economies and manufacturing. The event demonstrated that while long-term narratives about dollar debasement and the rise of hard assets remain valid, acute crises overwhelmingly favor dollar liquidity. In moments of panic, the financial system's architecture ensures that the dollar remains the ultimate refuge.

marsbit03/04 05:58

Global Asset Plunge: Hormuz, Chips, and a Korean Holiday

marsbit03/04 05:58

Ethereum – Accumulation spree meets whale-led sell pressure and that means…

Ethereum's price increased by 2% with a 29% rise in daily trading volume, but conflicting market activities suggest potential volatility ahead. Futures traders accumulated over 67,000 ETH between $1,920 and $1,965, creating a liquidity cluster below $1,974. However, a prominent whale deposited 82,000 ETH (worth $162 million) on Binance, contributing to a yearly sale total of 475,300 ETH ($1.35 billion). This sell pressure could negate recent accumulation and trigger a price decline if not absorbed by further buying. ETH has been consolidating across multiple timeframes, indicating market indecision. Analysts note a key CME gap at $2,670 that may attract upward movement if closed, while long-term consolidation patterns historically preceded significant price pumps. The contradiction between whale selling and futures buying may prolong ETH's current trading range.

ambcrypto03/04 05:02

Ethereum – Accumulation spree meets whale-led sell pressure and that means…

ambcrypto03/04 05:02

XRP Is Not Competing For Digital Gold Status, The Settlement Layer Is The Real Deal

XRP is not competing to be "digital gold" but is positioning itself as a global settlement layer, according to analyst Luke Suther. He argues that XRP's value lies in its utility as a digital bridge for moving value instantly across borders, especially in a multipolar world where no single currency dominates. While gold serves as a store of value and reserve asset, XRP facilitates frictionless, high-speed settlements. This complementary role makes it essential for institutions seeking efficient cross-border liquidity free from political interference. Another expert, Versan Aljarrah, emphasizes that such neutral settlement infrastructure is becoming a national security priority for countries avoiding dollar-dominated systems.

bitcoinist03/04 04:08

XRP Is Not Competing For Digital Gold Status, The Settlement Layer Is The Real Deal

bitcoinist03/04 04:08

Ethena’s retracement rally, explained: Heavy volume, light conviction

Ethena (ENA) experienced an 11.55% surge in Open Interest and a 5.08% price increase, bouncing from a key support level at $0.094. This was accompanied by a spike in whale activity, suggesting potential "smart money" accumulation. However, analysis indicates this is likely a short-term relief rally within a broader bearish trend, not a market bottom. A bullish divergence on the RSI signaled slowing downward momentum, but the rally is viewed as a healthy retracement for a liquidity sweep toward the $0.120-$0.125 zone. For a true trend reversal, ENA must break the $0.131 resistance. The current move is expected to be short-lived before the bearish trend resumes.

ambcrypto03/04 01:01

Ethena’s retracement rally, explained: Heavy volume, light conviction