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Bitcoin is staying around $77,000, sparking discussion about where the selling pressure from iShares Bitcoin Trust (IBIT) is going – it appears other investors are stepping in to buy it.

Bitcoin’s Long, Slow Dance with the Devil: Bulls Clinging to a Ghost

Short-term, $BTC’s been skitterin’ ‘round that descending channel like a crab in a boiling pot. It’s buzzin’ near the bottom again, beggin’ the bulls to yank it back up. If they don’t-and let’s face it, they’re about as reliable as a screen door on a submarine-the whole shebang might just crack through the trendline and start a new chapter of the “How Low Can You Go?” special.

But hold yer horses! If the bulls do pull a rabbit outta their hat, they’ll still gotta face the $78K resistance wall and the 200 SMA, which is actin’ like a grumpy old man with a shotgun yellin’, “Get off my lawn!”

Hyperliquid Price Surges 40%: Can Bulls Push HYPE to New Highs?

Hyperliquid (HYPE) saw a significant price increase over the past week, rising from about $45 to a peak near $64 on May 25 before settling around $63, according to crypto.news. This happened despite a difficult period for Bitcoin, which struggled to break past $110,000, and sideways trading for many other major cryptocurrencies, all influenced by concerns about U.S. Treasury yields and what the Federal Reserve might do with interest rates.