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3:57 A whale on the Hyperliquid exchange, James Wynn, has been wiped out of $99.1 million for betting against Bitcoin (BTC). Crypto intelligence platform Arkham highlighted the development in a recent

3:57

A whale on the Hyperliquid exchange, James Wynn, has been wiped out of $99.1 million for betting against Bitcoin (BTC). Crypto intelligence platform Arkham highlighted the development in a recent update after the leading cryptocurrency registered an uptick in the market.

Advertisement Bitcoin price rebounds toward key $70,000 resistance The whale, who previously had $100 million in his portfolio, decided to "short Bitcoin." This might have been triggered by the asset's volatility in the market space. Wynn assumed that Bitcoin would continue to lose momentum.However, the Bitcoin market moved strongly against his bet, with BTC climbing by over 3.4% in the last 24 hours. The leading crypto asset is outperforming the broader market, primarily driven by a derivatives-led squeeze

and capital rotation into BTC.JAMES WYNN:

HYPERLIQUIDATEDJames Wynn has just been liquidated shorting Bitcoin. He once had $100M his account is now down to its last $900. pic.twitter.com/aig405bLbT- Arkham (@arkham) April 6, 2026 Bitcoin's uptick has left Wynn with a total loss of $99,100,000, as he has just about $900 remaining in his portfolio. The massive loss emphasizes how the unpredictability of the crypto market could shift in either direction, catching traders who bet short unawares.Interestingly, prior to the recent uptick, Bitcoin over the past seven days traded below $67,000 most of the time. Each attempt toward the $70,000 level faced

rejection repeatedly

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3:57 A whale on the Hyperliquid exchange, James W

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Predict BTC, Snatch 600K HTX!edgeX: Sub-10ms Global DeFi LayerXRP currently holds near $1.3, reflecting sustained weakness after failing to reclaim levels above $2. However, the pressure runs deeper t

XRP currently holds near $1.3, reflecting sustained weakness after failing to reclaim levels above $2. However, the pressure runs deeper than price alone, as positioning imbalances continue to unwind.

During the 2025 rally toward $3.66, heavy retail inflows expanded short-term holder exposure, which now drives reactive selling. As prices declined from late 2024, realized losses accelerated, consistently ranging between $20 million and $110 million per day.



Source: Glassnode
These losses clustered within newer cohorts, showing forced exits rather than strategic rotation. Meanwhile, XRP remained below the $1.43 realized level, keeping roughly 56% of its supply underwater.

As this overhang persists, recovery faces resistance, although gradual absorption could stabilize the structure over time.

XRP’s cost-basis overhang caps recovery
This persistent imbalance becomes clearer when viewed through cost-basis positioning, which shows where that pressure is actually coming from.

As XRP’s price dropped from above $2.5 toward the $1.2–$1.3 range, large supply clusters remained concentrated between $1.9 and $2.2.



Source: Glassnode
When price attempted to recover into this zone, holders from the 2024–2025 inflow period approached breakeven, which drove steady sell-side pressure.

Instead of a single capitulation, the February loss spike extended into continued distribution through March.

At the same time, some demand absorbs supply near lower levels, which prevents deeper breakdowns. This creates a slow rotation dynamic, where recovery stays capped, yet structure gradually strengthens as weaker hands exit.

Altcoin bottoms shift to slow absorption cycles
This resistance around cost-basis levels does more than cap XRP; it begins to redefine how altcoin bottoms take shape. While price holds below the $1.43 realized level, recovery attempts repeatedly stall near overhead supply.



Source: Glassnode
At the

XRP currently holds near $1.3, reflecting sustaine

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Bloomberg Intelligence senior commodity strategist Mike McGlone believes major shifts in the crypto market are underway, including a potential “flippening” led by stablecoins.McGlone says Bitcoin (BTC

Bloomberg Analyst Mike McGlone Predicts Massive ‘Flippening,’ Says USDT Will Overtake Ethereum and B

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin (BTC) history is filled with strange milestones, and the latest appears to be a single b

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin (BTC) history is filled with strange milestones, and the latest appears to be a single block mined in 2021. Crypto enthusiasts have uncovered surprising details about the 666,666th block, which contains a powerful biblical message that has sparked widespread attention for its unusual mix of superstition and religious symbolism. The news comes as the market celebrates Easter, creating an even more ominous coincidence, which many crypto users are already circulating online. Bitcoin 666,666th Block Sparks Widespread CuriosityWhile Bitcoin has captured global attention through its innovative technology and surging price, the cryptocurrency's blockchain continues to reveal intriguing details that fuel speculation among users and analysts. On January 18, 2021, Bitcoin's 666,666th block was successfully mined by BTC.com, a mining pool responsible for validating transactions and adding new blocks to the chain. Related Reading: Major Catalysts To Watch Out For That Could Send Bitcoin Price To $90,000 The block's number alone was enough to send corners of the internet into frenzy, with many pouting to the figure's association with the biblical "number of the beast." However, even more intriguing, a short, clear message was permanently recorded within the block. It reads, "Do not be overcome by evil but overcome evil with good," followed by a reference to the Bible verse Roman 12:21. Source: Chart from Bitcoin Magazine on XIn Christian tradition, the number 666 is widely regarded as the mark of the

"Antichrist," drawn from the Book of Revelations. The number's repetition within the single block

Trusted Editorial content, reviewed by leading ind

BASED: Hyperliquid’s On-Chain Super App

30-Day Frenzy! $540M HTX GiveawayHTX Community Spring Creation ContestClock 7 Days, Grab 10x Airdrop Grayscale is betting on Bittensor [TAO]! The investment mammoth has increased TAO’s share in its AI



Grayscale is betting on Bittensor [TAO]! The investment mammoth has increased TAO’s share in its AI-focused crypto portfolio, from 31.35% to 43.06% in its latest rebalance.

Here’s what you need to know.

Grayscale raises TAO allocation in rebalance

The vote of confidence in the AI token stands out, because the fund’s composition remains otherwise unchanged. No new assets were added or removed.

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Source: X

NEAR Protocol’s [NEAR] share slipped to 24.43% from 26.54%, Filecoin [FIL] fell to 9.86% from 13.77%, The Graph [GRT] dropped to 4.15%, and Story’s [IP] weight was cut to 2.73%.

Render [RENDER] was the only other asset to post a slight hike, going up to 15.77%.

AMBCrypto previously reported that Grayscale had also filed an updated registration statement with the U.S SEC for a Bittensor-based investment product. The proposed Grayscale Bittensor Trust would directly hold TAO and track its market price, with plans to convert into an ETF and list on NYSE Arca if approved.

Bittensor’s growing subnet economy

TAO is currently valued at around $6.2 billion. This, on the back of the network expanding to 128 subnets.

Subnets are independent AI-focused networks that can be thought of as open-source startups building within the Bittensor framework.



Source: X

This gives the ecosystem a stronger utility narrative. Case in point? Targon Compute (one of Bittensor’s subnets) reportedly generated $105,000 in revenue over the past week, translating to an annualized run rate of roughly $5.5 million!

What makes that notable is its relatively modest valuation of about $82 million FDV.

TAO holds above $320, but pace is slowing

At the time of writing, TAO was trading at $321.74, posting a daily gain of 3.70% after a high of $329.95. The uptrend from mid-March is still intact, but there seemed to be consolidation just below the $330-$360 resistance zone.


Grayscale is betting on Bittensor [TAO]! The in

WL: Ethereum L2/Sidechain

30-Day Frenzy! $540M HTX GiveawayHTX Community Spring Creation ContestClock 7 Days, Grab 10x Airdrop Компания Grayscale, управляющая миллиардами долларов, объявила о достижении дна для альткоинов! Зак

Компания Grayscale, управляющая миллиардами долларов, объявила о достижении дна для альткоинов!

Зак Панд, руководитель исследовательского отдела Grayscale, крупнейшей в мире компании по управлению цифровыми активами, дал важные оценки относительно альткоинов.

В связи с этим Зак Панд заявил, что, возможно, сейчас формируется дно для основных альткоинов.

В недавнем сообщении в блоге Панд отметил, что ведущие альткоины на криптовалютном рынке значительно отступили от своих исторических максимумов, достигнутых в прошлом году.

Компания Grayscale, управляющая миллиардами доллар

WARNING: TOMORROW WILL BE THE WORST DAY OF 2026!! Markets aren’t just dealing with macro pressure anymore. There’s a geopolitical trigger building underneath it all. And Monday will be the moment it a

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BASED: Hyperliquid’s On-Chain Super AppHTX Community Spring Creation Contest🔥 Dogecoin Adoption for Payments Growing Dogecoin is increasingly being used for payments due to its low transaction fees an

🔥 Dogecoin Adoption for Payments Growing

Dogecoin is increasingly being used for payments due to its low transaction fees and fast processing times.

Businesses and online platforms are starting to accept DOGE.

This increases its real-world utility.

📊 Key Benefits:
Low fees
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Ease of use

📈 Outlook:
Short-Term: Increased usage
Mid-Term: Adoption growth
Long-Term: Payment integration

Payment adoption is a key factor in Dogecoin’s future.

It supports long-term value.

DOGE is moving beyond being just a meme coin.

🔥 Dogecoin Adoption for Payments Growing Dogecoi

According to monitoring by 1M AI News, Bloomberg Opinion columnist Parmy Olson writes that OpenAI and Anthropic are both paving the way for an IPO by the end of 2026 or early 2027, but Altman is mispl

Bloomberg: Altman Suffers from 'Zuckerberg Syndrome', True IPO Ace is Microsoft, Not Super Apps

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