Bitcoin saw a 5% drop in value, leading to over $500 million in liquidations as market volatility surged. The decline exposed the vulnerability of overleveraged long positions, especially in perpetual futures contracts. This market shift is prompting traders to explore Bitcoin-adjacent projects.
Bitcoin Hyper (HYPER), a Layer-2 solution on the Solana Virtual Machine, is attracting attention due to its rapid execution capabilities and Bitcoin-linked security. The project has successfully raised over $28.8 million in its presale, with significant whale activity and a 40% staking APY enhancing its appeal.
Bitcoin Falls 5% Amid $500M Liquidations, Bitcoin Hyper Gains Traction
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