Bitcoin News
By James Thorp
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A Second Voice, A Different Timeline. Not everyone sees the bottom the same way. Markus Thielen at 10x Research thinks it could come…
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Altcoins Are "Basically Dead," Klippsten Says. On altcoins, Klippsten didn't soften his language. He called them "basically dead" as monetary…
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Institutions Are Reshaping Who Wins in Altcoins. Wintermute's July report adds a structural layer to all of this.
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Cory Klippsten thinks Bitcoin is heading for pain before it gets better. The Swan Bitcoin CEO is calling a bottom near $57,000 sometime in October — then a recovery that could…
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Klippsten's read on the market leans heavily on historical patterns. Bitcoin peaked above $126,000 in early October 2025, and he sees the cycle playing out the way it pretty much…
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Klippsten's October call and Thielen's August trigger sit at opposite ends of a short window. Traders watching this are basically getting two competing signals at once.
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And yet one altcoin is having a genuinely good year.
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Hyperliquid's HYPE token is up 130% year-to-date. Bitcoin, by comparison, is down 28% over the same stretch. The gap is hard to ignore. Hyperliquid generated $5.
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Read also: Grayscales Zach Pandl Sees $39.91 Trillion Debt and Tokenization Pushing Bitcoin Forward
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He flagged Hyperliquid specifically as a noteworthy performer. So he's not blind to the outliers. He just doesn't think they change the big picture for altcoins overall.
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Wintermute's July report adds a structural layer to all of this. The market maker found that institutional investors are fundamentally changing how altcoin markets behave.
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That's a shift from the older crypto cycle playbook, where altcoin seasons would lift most boats. Now it seems like institutions pick winners, and the rest of the market waits.
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For retail traders who spread bets across dozens of smaller tokens hoping for a tide-rises-all scenario, that's a real problem.
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See also: Jeff Park Sees Bitcoin Winning After AI Absorbs 80% of Venture Capital
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Klippsten's broader point on regulatory integration fits into this picture too. He sees centralized crypto businesses eventually falling under traditional financial regulation —…
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