2 Jun 2026

Current Meta Direction

Bitcoin capitulation phase underway. Down 45% from ATH to $69-70k (Nov 2021 levels), first MicroStrategy sale in 3.5 years (32 BTC at $77k), Mt. Gox moving $731M, and $3.45B in ETF outflows over 11 sessions. Market depth fragmenting badly across exchanges.
Hyperliquid flipping the script while majors bleed. HYPE hit new ATH, entered top 10 by market cap, and attracted $29.6M single-day inflows post-CFTC news. Bitwise bought $24M in 12 hours. ETF price war underway (Grayscale 0.29% fee). S&P 500 perps now live.

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