Crypto markets endured further pressure this week as the sell-off spread to some of the industry\u2019s largest digital asset treasuries (DATs). As of Friday, Bitcoin (BTC) had slipped back below $60,000 for the first time since 2024, Ethereum (ETH) was trading around $1,550, and Hyperliquid (HYPE) was near $57.\u00a0<\/span><\/p>\n While the declines weighed on the broader market, the impact has been most visible in the large treasury companies associated with BTC and ETH\u2014specifically Strategy (MSTR) and Bitmine (BMNR).\u00a0<\/span><\/p>\n Hyperliquid Strategies (PURR), however, has continued to post gains on an unrealized basis, highlighting how its performance still outpaces the market\u2019s major benchmarks.<\/span><\/p>\n According to Artemis data, Strategy and Bitmine are carrying significant unrealized losses of about $12.8 billion and $10.3 billion, respectively. In contrast, Hyperliquid Strategies is positioned differently.\u00a0<\/span><\/p>\n Artemis <\/span>data <\/span><\/a>further indicates that Hyperliquid Strategies is the only major digital asset treasury company in the industry so far still in positive territory, with approximately $1.2 billion in unrealized gains, as seen in the chart below.\u00a0<\/span><\/p>\n In practical terms, that means the stress seen across most crypto-linked balance sheets has not hit Hyperliquid in the same way, even as prices pulled back sharply elsewhere.<\/span><\/p>\n The weakness has also reached other large public holders beyond the two biggest names. Lookonchain <\/span>data <\/span><\/a>shows the recent retrace has extended further, with SharpLink down $1.59 billion on ETH, and Metaplanet down $1.38 billion on BTC.\u00a0<\/span><\/p>\n The pattern is consistent: as BTC and ETH retrace, companies concentrated in those assets tend to reflect the decline in their mark-to-market or unrealized reporting.<\/span><\/p>\n Bitcoin\u2019s move has been particularly notable on the weekly chart. The asset recorded a major 20% retrace on the weekly time frame, and that broader drop has filtered down to equities and crypto proxies as well.\u00a0<\/span><\/p>\n Strategy\u2019s stock, <\/span>MSTR<\/span><\/a>, fell 14% on Friday alone, trading around $115 per share. Bitmine\u2019s stock, BMNR, also logged double-digit losses on Friday, down 12% to roughly $15.76 per share, adding to pressure on investors.<\/span><\/p>\n Hyperliquid\u2019s native token, HYPE, saw its own sharp decline during the same period, dropping 14%. Even with that pullback, Hyperliquid Strategies\u2019 PURR price showed comparatively limited movement, with only a 1.2% retrace to $8.3 for the current trading session.\u00a0<\/span><\/p>\n Together, these snapshots underline a clear divergence: While Strategy and Bitmine reflect the drawdown of <\/span>BTC and ETH<\/span><\/a> in a straightforward way through large unrealized losses, Hyperliquid Strategies remains comparatively resilient, maintaining positive unrealized performance even as the market sells off.<\/span><\/p>\n Featured image created with OpenArt; chart from TradingView.com\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Crypto markets endured further pressure this week as the sell-off spread to some of the industry\u2019s largest digital asset treasuries (DATs). As of Friday, Bitcoin (BTC) had slipped back below $60,000 for the first time since 2024, Ethereum (ETH) was trading around $1,550, and Hyperliquid (HYPE) was near $57.\u00a0 While the declines weighed on the […]<\/p>\n","protected":false},"author":2,"featured_media":429651,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-429650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=429650"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429650\/revisions"}],"predecessor-version":[{"id":429652,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429650\/revisions\/429652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/429651"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=429650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=429650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=429650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Hyperliquid Strategies Avoids The Worst With $1.2B Gains<\/span><\/h2>\n
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Weekly BTC, ETH Pullback Hits MSTR, BMNR Stocks<\/span><\/h2>\n
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