Hyperliquid's trading volume this week surged to approximately $15 billion, but the most active contracts are no longer $BTC and $ETH—instead, it's crude oil, gold, and silver futures. On-chain derivatives are still experiencing volume expansion, it's just that capital is flowing toward a broader range of assets. This doesn't constitute a direct short-term benefit for major coins; rather, it's more about attention being diverted away.

【$SOLUSDT】Don't rush to buy the dip or chase the high, check this first $SOLUSDT Negative funding rate with price holding firm, European market open runup showing volume contraction and consolidation—pure meat grinder setup. 4-hour MACD dead cross below the zero line, histogram contracting but not yet flipped red; bearish momentum pausing but not reversed. 1-hour Bollinger Band lower rail at 85.46 retested repeatedly, buy-side depth imbalance exceeds 10%, orders below 85.8 to 85.75 extremely thin with obvious support gap. Price suppressed below EMA20 and EMA50, bearish moving average alignment unchanged. Enter short directly around current price 85.9, stop loss above 86.3. First target 84.2, second target 83.7. Break below previous low at 83.7 zone can consider taking profits in batches; risk-reward ratio exceeds 4:1, this trade is worth attempting. View real-time market 👇 $SOLUSDT --- Follow me: Get more real-time crypto market analysis and insights! $BTC $ETH $SOL ‍#Gate13周年全球庆典 #Gate储备金报告 #加密行情震荡

I saw Gate's reserve update, and my first impression was that the data is genuinely impressive, and not the kind of borderline safety that barely makes the cut. It's clearly leaving room for buffer—that kind of safety with redundancy built in. A 122% coverage ratio already puts it well above industry benchmarks, but Bitcoin went straight to 147%, which basically amounts to telling the market through numbers: not just safe, but safe with cushion and confidence. What I personally care about is the status of mainstream assets. ETH also got stable supplementation, showing it's not just Bitcoin getting propped up for appearances. On the other hand, stablecoins like USDT didn't get pushed too high, which I think makes sense. After all, liquidity there is already abundant, so there's no need for excessive stacking. I'm inclined to see this as a signal that risk is under control, especially with the market still in observation mode. This kind of data is more convincing to me than any bull market calls. Also, happy 13th anniversary to Gate! You've come a long way with solid footwork, witnessing countless market waves, and I look forward to continuing to lead the crypto world and going further. #GatePoR