The crypto market opened the week with relative stability, but Bitcoin’s price struggled to regain its key support at $110,000. Despite this overall consolidation, several tokens saw notable gains, leading a surge in market capitalization. Hyperliquid (HYPE) experienced a significant leap, smashing its all-time high close to $40 and overtaking Chainlink & Sui to become the 11th largest cryptocurrency by market cap. However, despite this impressive jump, HYPE witnessed a correction of over 3% since early trading hours. ♂️ Other tokens like Pi, BONK, SPX6900, and Sui experienced losses ranging from 4% to 5%. While other altcoins also dipped slightly, these declines remained minimal, indicating a persistent bull sentiment in the market. The past 24 hours saw no significant liquidations, with total liquidation value hovering around $200 million. The continued selling of Bitcoin by whales over 10,000 BTC has been noted as a potential catalyst for the current bearish trend. Meanwhile, the accumulation of smaller-scale wallets suggests a growing confidence among retail investors. On the other hand, institutional interest in Bitcoin remains subdued, with spot ETF flows continuing to remain negative for the fifth consecutive day. Despite this, traders are bullish on Bitcoin and anticipate further growth. Their high leverage positions have also reached new highs, suggesting an imminent price rebound. Meanwhile, short-sellers appear poised for a significant pullback, potentially liquidating more than $70 million worth of short positions. This suggests that the current market environment favors bulls even amidst short-term volatility.