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BTC’s medium-term trend is weakening; short-term fluctuations cannot mask directional risks | Invited Analysis | Bee Network

LoginTin tức thịnh hànhCác tác nhân trí tuệ nhân tạo (AI)Nền tảng khởi chạy memeDeSciTopChainExplorerDành cho NewbeeTiền xu 100 lầnTrò chơi OngTrang web cần thiếtỨNG DỤNG Phải CóNgười nổi tiếng về tiền điện tửDePINTân binh cần thiếtMáy dò bẫyCông cụ cơ bảnTrang web nâng caoTrao đổiCông cụ NFTVũ trụ Web3Trò chơiỨng dụng phi tập trung (DApp)Tổ ongNền tảng phát triểnQUẢNG CÁONạp xuĐăng nhậpĐại học Web3Trò chơiỨng dụng phi tập trung (DApp)Tổ ongQUẢNG CÁOtrang chủPhân tíchPhân tíchWyattbất chấpChợmật mãBTC’s medium-term trend is weakening; short-term fluctuations cannot mask directional risks | Invited AnalysisRelated: HIP-3 and Builder Codes: Hyperliquid’s Ecosystem Counterattack Original author: @esprisi0 Compiled by: Peggy, BlockBeats Editor’s Note: Hyperliquid once dominated the decentralized derivatives market, but its market share plummeted in the second half of 2025, drawing industry attention: Has it peaked, or is it laying the groundwork for the next phase? This article reviews Hyperliquid’s three phases: from its extreme dominance with a market share as high as 80%, to the loss of momentum due to strategic transformation and accelerated competition leading to a drop to 20%, and then to its resurgence centered on HIP-3 and Builder Codes. The following is the original text: Over the past few weeks, concerns surrounding Hyperliquid’s future have intensified. Loss of market share, rapidly rising competitors, and an increasingly crowded derivatives market raise a crucial question: what’s really going on beneath the…Phân tích ## bitcoinTiền mã hóa ## định nghĩaThị trường #上一 hình ảnh 85% of transaction volume is controlled by thousands of wallets: The hidden centralized landscape of stablecoin payments下一 hình ảnh Netmarble's MARBLEX invests in OpenLedger, ushering in a new era of verifiable AI-driven gaming.The era of hyper-speculation under the liquidity frenzy: Warning of Bitcoin’s peak in September?Recommended Articles6086cf14eb90bc67ca4fc62b2The passage of the GENIUS Act further strengthens the ideological stamp, making BTCs 10-year slow bull market possible6086cf14eb90bc67ca4fc62b1HashKey’s share price fell below its IPO price on its first day of trading; “Oriental Coinbase” is not yet established.6086cf14eb90bc67ca4fc62b1A look at five Asian-style “Strategy” listed company leadersRecommended Articles6086cf14eb90bc67ca4fc62bWhy Does Everyone Hate AI?6086cf14eb90bc67ca4fc62b1Gate Ventures Research Insights: Strategy-based Synthetic Stablecoins, Financial Lego Built with Interest Rates6086cf14eb90bc67ca4fc62b1đồng xuCá chépBinanceCoinMarketCapCoinGeckoCoinliveGiápGiấy trắngVai tròCâu hỏi thường gặpChính sách bảo mậtĐiều khoản dịch vụCoinCarpBinanceCoinMarketCapCoinGeckoCoinliveArmorsGiấy trắngVai tròCâu hỏi thường gặpChính sách bảo mậtĐiều khoản dịch vụThợ săn airdropPhân tích dữ liệuNgười nổi tiếng về tiền điện tửMáy dò bẫyEnglish繁體中文简体中文日本語العربية한국어Bahasa Indonesiaहिन्दीاردوРусский

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