Trading

On May 22, a Hyperliquid trader known as 'Evaded' recorded over $7.5 million in unrealized profit from long positions in ZEC and HYPE opened less than 96 hours earlier. He then shifted into a new 25x leveraged long on 18,100 ETH with $38.63 million in notional exposure, a setup that could be liquidated after an adverse move of roughly 4%.

Bitcoin fell below $76,000 after a sharp selloff, sliding from nearly $78,000 to $75,500 and marking its lowest level since April 30. Major altcoins also declined as ETH moved toward $2,050, XRP slipped under $1.35, and SOL dropped below $85. Total liquidations reached $485 million, including more than $430 million in long positions.

A TradingView-based technical view says Bitcoin remains capped by an upper trendline that has repeatedly rejected rebound attempts, keeping bullish momentum muted. The same resistance aligns with Fibonacci retracement levels, and analysts say continued failure to break higher could reopen the risk of a move below $60,000.

The S&P 500 has rebounded more than 17% from its March low, while the VIX remains in the high teens, a backdrop that has reduced the price of put-option protection. The piece argues that with implied volatility lower, investors can use short-dated, 30-delta puts to help protect recent gains, including an example of June 26 weekly SPY $730 strike puts priced around $7.40 (~1%).

On May 22, XRP traded at $1.3539 and slipped below the rising daily trendline that had held since the late-March lows. Open interest climbed to 433.77M (+0.12%) while the NVT Ratio rose to 218.12 (+26.81%), a mix some analysts associate with higher long-squeeze risk if price fails to reclaim nearby moving-average resistance around $1.396–$1.398.

On 22 May 2026, Intercontinental Exchange (ICE) and OKX said they launched perpetual oil futures tied to ICE Brent and West Texas Intermediate (WTI) benchmarks. The products have no expiry date and are set to be offered to OKX's 120 million retail users in jurisdictions where the exchange holds the required licenses. The rollout follows ICE's March 2026 strategic equity investment in OKX at a $25 billion valuation.

Kevin Warsh is set to be sworn in at the White House on May 22, 2026, after the Senate confirmed him 54-45 on May 13 to replace Jerome Powell as Federal Reserve chair. The article says markets are watching for Warsh's first comments on rates and the balance sheet, viewing them as a potential catalyst for weekend crypto trading.

Binance logged a 40.0644 million USDT net inflow over the past hour, indicating more USDT entered the exchange than left during that window. Such stablecoin inflows are often watched as a proxy for potential buying power, though the transfers could also relate to internal operations or liquidity activity. Traders typically look for follow-through across multiple hours and confirmation via spot volume before treating the signal as directional.

Bitcoin traded in a tight band near $77,000 during U.S. morning hours as markets waited for Kevin Warsh's transition to Federal Reserve chair. The University of Michigan's May consumer sentiment slipped to a record-low 44.8, while 1-year inflation expectations rose to 4.8% and the 5-year measure to 3.9%. Rate markets were pricing in more than a 70% chance of at least one hike by end-2026.

Bitcoin hovered above $77,000 as more than $1.8 billion in BTC and ETH options were set to expire on May 22. Derivatives positioning showed longer-term bullish targets near $90,000 even as institutions added short-term downside hedges into month-end.