According to NewsBTC, Bitcoin experienced a 5% intraday drop, triggering over $500 million in liquidations as volatility returned. The sharp decline highlighted the fragility of overleveraged long positions, particularly in perpetual futures. As traders reassess risk, capital is shifting toward Bitcoin-adjacent themes like Layer-2 infrastructure and smart contract ecosystems. Bitcoin Hyper ($HYPER), a Layer-2 solution built on the Solana Virtual Machine (SVM), is gaining attention for its sub-second execution and Bitcoin-anchored security. The project has raised over $28.8 million in its presale, with whale activity and a 40% staking APY drawing further interest.
Bitcoin Drops 5% Amid $500M Liquidations, Boosts Interest in Bitcoin Hyper (HYPER)
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