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ETH, XRP, ADA, BNB, and HYPE

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eth_price_chart_1302261

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.

Ethereum (ETH)

Ethereum closed the week up 2%, but the trend remains bearish, with $1,800 acting as a key support level for this downtrend.

If buyers hope for a reversal in the future, then ETH needs to bounce and hold above that level. Any weakness there would basically erase all the progress made since early 2025.

Looking ahead, this cryptocurrency has strong resistance around $2,400, and that price point will be decisive if tested later. A rejection there could lead to lower lows, while a breakout can sustain a rally towards $3,000.

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eth_price_chart_1302261
Source: TradingView

Ripple (XRP)

XRP bounced after a sharp drop and closed this week with a 6% gain. However, this bounce will likely be short-lived, as the downtrend remains intact and new lows are likely.

The most important support levels are found at $1.4, which is currently being contested, and $1, where XRP may eventually fall if the overall market remains bearish in the coming months.

Looking ahead, this correction has accelerated in 2026, with the price accelerating as it declines. This is quite bearish, but it may also help identify a bottom more quickly. Hopefully, buyers will stop the downtrend around $1.

xrp_price_chart_1302261
Source: TradingView

Cardano (ADA)

ADA has been struggling in the past 30 days and has booked a 38% loss. Nevertheless, it closed this week in the green with a modest 4% gain. The price also bounced on the 24-cent support.

Ideally, Cardano will begin forming a bottom around these price levels, as it has in the past. The alternative would be new lows not seen since 2020. Reclaiming a price above 30 cents is critical if bulls want to regain control.

Looking ahead, the outlook is grim for this cryptocurrency, especially if Bitcoin and Ethereum continue to underperform. That will likely pull it even lower. A price under 20 cents would make this one of the worst bear markets for ADA.

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ada_price_chart_1302261
Source: TradingView

Binance Coin (BNB)

Unsurprisingly, BNB finally touched the support at $580. This level has long been a key target for sellers, and it has now been reached. The question is whether it will hold.

Ideally, the market should bounce after months of bearish price action. This also applies to Binance Coin, which has been in a downtrend since October 2025. If $580 fails to hold, conditions become more challenging, as the next key support levels are at $500 and $380.

Looking ahead, this cryptocurrency has lost nearly 60% of its valuation since its all-time high of approximately $1,375. If the past is to serve as a guide, this bear market may take BNB to -70% before a bottom is found.

bnb_price_chart_1302261
Source: TradingView

Hype (HYPE)

HYPE closed the week in red with a 11% loss. That’s because buyers were unable to break above $36 and turn it into a key support level. For this reason, the current price action could be interpreted as a lower high. That is bearish.

Nevertheless, at the time of this post, buyers appear to be defending the support at $30 quite well. As long as this holds, buyers have another shot at making new highs.

Looking ahead, the rally that started at $20 appears to have reached its peak this week when buyers were unable to book new highs. For this reason, a bearish reversal is likely if $30 is lost again.

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hype_price_chart_1302261
Source: TradingView

 

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Square launches zero-fee Bitcoin payments for US merchants through 2026: Square

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Square launches zero-fee Bitcoin payments for US merchants through 2026: Square


Square is waiving processing fees for Bitcoin payments at US merchants for two years, with instant dollar conversion to reduce adoption barriers.

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$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

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$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

Key takeaways:

  • A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices.

  • The whale’s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market.

Bitcoin (BTC) showed strength on Wednesday, bouncing back from Tuesday’s $66,000 low after President Donald Trump teased a potential ceasefire in the US and Israel-Iran war. Even with Bitcoin trading above $68,000, one whale used Hyperliquid DEX to place an $80 million bet on a market collapse. 

Traders are now watching closely to see if this whale’s massive position signals a looming Bitcoin price drop.

Hyperliquid whale 0x94d373…c933814 position. Source: CoinGlass

The Hyperliquid whale, linked to address 0x94d373…c933814, carefully built this nearly $80 million leveraged position between Tuesday and Wednesday. The trade includes a $40 million short (sell) on Bitcoin futures near $68,760, a $2 million short on synthetic S&P 500 Index contracts, and a $37 million long (buy) in synthetic Brent oil contracts.

Crude Brent oil (left) vs. Bitcoin/USD (right). Source: TradingView

The whale’s aggregate position leverage stood at 7 times, indicating high conviction. The Bitcoin futures liquidation price was $80,083, while the Brent oil position would be forcefully terminated above $93. The timing of the trade is curious as S&P 500 Index futures gained 4% between Tuesday and Wednesday as traders anticipate the US and Israel-Iran war dissipating over the next few weeks.

On Wednesday, President Trump said “Iran’s New Regime President” is considering a “ceasefire,” although the conditions to fully reopen the Strait of Hormuz remain unknown. Iran demands reparations and sovereignty. Thus, one could assume that the Hyperliquid whale is counter-trading the market’s optimistic take, betting that Brent crude oil prices will jump while Bitcoin loses its value.

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This Hyperliquid whale previously lost $40 million

This address belongs to a particularly unlucky whale, or at least one who has been extremely unsuccessful since late January. The Hyperliquid whale apparently uses bots for execution, given the sheer number of small trades that build into huge positions, but it still managed to lose $37 million in its first month of activity in December 2025.

The same user was flagged by X user ‘lookonchain’ on Feb. 5 after taking a massive loss on leveraged bullish bets on Ether (ETH), Bitcoin, Solana (SOL), and XRP (XRP). 

Source: X/lookonchain

According to the analysis, the whale had previously made $25 million in profits from shorts in multiple cryptocurrencies, but decided to flip the position on Feb. 4, resulting in a $40 million loss. There is no way to know exactly what triggered this entity to place those bets, but the event proves that even whales can misinterpret the market.

Related: Warren Buffett bought $17B in US T-bills: A bad omen for Bitcoin price?

The erratic signals from President Trump regarding a potential full-on invasion and the war in Iran leave room for opposing views. Iranian Foreign Minister Abbas Araghchi denied there were talks for a ceasefire but confirmed to Al Jazeera on Tuesday that there was an intention to end the war, according to CNBC.

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Given the history of this whale’s market positioning and its track record of losing trades, it’s possible that the current $80 million bet may fall on the wrong side of the market.