HYPE Token Surpasses Bitcoin as $1.5B Hyperliquid Trading Surge Fueled by US-Iran Conflict
Increased Trading Activity: Hyperliquid recorded significantly higher futures trading activity, processing around $1.5 billion during the weekend amid rising tensions between the U.S. and Iran, compared to $1.3 billion the following weekend.
Market Share Growth: Non-crypto assets accounted for about 24% of on-chain derivatives contracts, up from 10% earlier this year, indicating a growing demand for traditional asset exposure through crypto-native infrastructure.
Bitcoin and Altcoin Performance: Bitcoin's price dipped slightly below $70,000, while Hyperliquid's native token (HYPE) outperformed Bitcoin, with a recent price jump of over 7% in 24 hours.
Volatility and Market Sentiment: Despite heightened trading activity, Bitcoin's price remained range-bound, trading between $60,000 and $72,000 for over four weeks, as traders awaited the Federal Reserve's policy decision on March 18.
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- Significant Account Growth: A Reddit trader has grown their brokerage account from $50,000 to over $520,000 in less than a year, demonstrating the effectiveness of their trading strategy and ability to seize market opportunities.
- Trade Strategy Analysis: The trader's first major trade was buying Sharplink Inc (NASDAQ:SBET) at $9 in early 2025, which turned their account into approximately $200,000, indicating the potential rewards of concentrated investments.
- Risk Management Approach: Preferring margin over options, the trader argues that margin trading avoids the time decay associated with options, although it introduces additional risks, reflecting a unique understanding of risk management.
- Profit-Taking Strategy: The trader advises using AI to set price targets and profit goals, while also generating extra income by selling covered calls on appreciated stock positions, showcasing a mature approach to profit management.
- Market Sentiment Low: As of March 10, CoinMarketCap's Crypto Fear and Greed Index stands at 26, indicating a state of fear in the market, with investors holding a highly bearish view on Bitcoin, reflecting the current uncertainty and risks.
- Bitcoin Market Cap Analysis: Bitcoin, as the largest digital asset, accounts for $1.4 trillion of the $2.4 trillion crypto market; despite a price drop of over 40%, its dominant market position remains strong, highlighting its significance in the cryptocurrency ecosystem.
- Investment Opportunity Alert: Although Bitcoin may not have hit the bottom yet, historical data shows it has recovered from every bear market to set new all-time highs, suggesting that investors might consider accumulating Bitcoin during this downturn to capitalize on future rebounds.
- Supply Limitation Impact: With a supply cap of 21 million coins, Bitcoin's scarcity could enhance its value as demand continues to grow, especially with institutional support from the U.S. Strategic Bitcoin Reserve and Bitcoin ETFs potentially providing price support.
- Market Fear Sentiment: As of March 10, CoinMarketCap's Crypto Fear and Greed Index stands at 26, indicating a state of fear in the market, which suggests that investors are highly bearish on Bitcoin and other cryptocurrencies, potentially leading to further price declines in the short term.
- Bitcoin Market Share: Bitcoin remains the largest digital asset, accounting for $1.4 trillion of the $2.4 trillion crypto market; despite the price drop, its dominant market position remains intact, highlighting its significance within the cryptocurrency ecosystem.
- Investment Timing: Although Bitcoin's price has fallen over 40%, analysts suggest that this is a good time to invest, as historical data shows Bitcoin has historically recovered from every bear market and set new all-time highs, prompting investors to consider accumulating during this downturn.
- Supply Limitation Impact: With a supply cap of 21 million coins, Bitcoin's scarcity could enhance its long-term value as demand continues to grow, especially in light of the establishment of the U.S. Strategic Bitcoin Reserve and increasing institutional support.
- Lawsuit Background: Investors filed a lawsuit in the U.S. District Court for the Northern District of California, accusing JPMorgan of enabling a $328 million crypto Ponzi scheme as the sole bank for Goliath Ventures from January 2023 to June 2025, affecting over 2,000 investors.
- Funds Movement: Investors deposited approximately $253 million into JPMorgan's 0305 account, representing nearly two-thirds of the total losses, with about $123 million transferred to Goliath's wallets on Coinbase, highlighting the bank's negligence in monitoring suspicious transactions.
- Compliance Failure: The lawsuit emphasizes the irony of JPMorgan CEO Jamie Dimon's criticism of Bitcoin while the bank allegedly failed to leverage its Know Your Customer policy to prevent Goliath from operating as an unlicensed private equity cryptocurrency pool, indicating significant compliance system flaws.
- Further Actions: The first named plaintiff, Robby Alan Steele, reported investing $650,000, and attorney Jordan Shaw indicated that more complaints are forthcoming as they identify additional potential accomplices, aiming to maximize recovery for investors, which underscores the complexity and potential widespread impact of the case.
Impact of Stablecoins on U.S. Banking: Patrick Witt stated that foreign users exchanging local currency for dollar-backed stablecoins could effectively channel new capital into U.S. banks, enhancing liquidity and capital flows without the regulatory burdens faced by traditional banks.
Regulatory Debate: The banking industry argues that yield-bearing stablecoins could siphon deposits away from traditional banks, while proponents of stablecoins claim they drive adoption and strengthen the dollar's global dominance.
Market Growth: The stablecoin market continues to grow, recently surpassing $314 billion, indicating increasing interest and investment in these digital assets.
Concerns Over Regulation: There are warnings from banking leaders about creating an uneven playing field where crypto firms offer bank-like products without adhering to the same regulatory standards, potentially undermining the stability of the financial system.

Increased Trading Activity: Hyperliquid recorded significantly higher futures trading activity, processing around $1.5 billion during the weekend amid rising tensions between the U.S. and Iran, compared to $1.3 billion the following weekend.
Market Share Growth: Non-crypto assets accounted for about 24% of on-chain derivatives contracts, up from 10% earlier this year, indicating a growing demand for traditional asset exposure through crypto-native infrastructure.
Bitcoin and Altcoin Performance: Bitcoin's price dipped slightly below $70,000, while Hyperliquid's native token (HYPE) outperformed Bitcoin, with a recent price jump of over 7% in 24 hours.
Volatility and Market Sentiment: Despite heightened trading activity, Bitcoin's price remained range-bound, trading between $60,000 and $72,000 for over four weeks, as traders awaited the Federal Reserve's policy decision on March 18.










