Crypto

More than 1 in 3 U.S. crypto traders cut daily spending after market slide

More than 1 in 3 U.S. cryptocurrency traders have reduced daily spending amid the recent market downturn, a CEX.IO survey of 1,100 active U.S. users showed. The survey found signs that unrealised losses are weighing on household finances, with respondents delaying or cancelling purchases and some using savings to stay financially stable. Despite the strain, most said their income sources were unchanged and many planned to hold or increase positions.

Crypto

Hyperliquid whale makes 234.8 billion won in six months, bets against bitcoin

A large trader active on Hyperliquid is keeping a $38 million short position in bitcoin, drawing attention to the risk of a near-term pullback. The account, known as BobbyBigSize, made a cumulative $159 million in the past seven months but posted a $561,000 loss over the past 30 days. The trader’s positions are mostly bearish, though a $21 million leveraged ether long was opened last week.