3 Jun 2026

Current Meta Direction

• Bitcoin bleeding, alternatives pumping. BTC dropped below $65K with 12-day ETF outflow streak hitting $4B. Meanwhile, Hyperliquid hit $70B+ market cap at new ATHs while BTC falls, showing clear capital rotation out of majors.

• Real-world assets going onchain. Stock perpetuals on Hyperliquid surpassing ETH volume on some days. Tether launched yield-bearing gold token XGLD. Backpack added cross-asset collateral for stocks and crypto in one platform.

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