- Market Commentary: Over the past 24 hours, the crypto market remained in a weak sideways consolidation as U.S. equities stayed closed for the holiday. BTC briefly dipped to around $76,575 intraday, while the $77,900 area continued to act as a clear resistance level. ETH, meanwhile, kept oscillating around the $2,100 mark. Overall market direction remained unclear, with capital continuing to concentrate in major assets, while altcoins were still driven mainly by structural rotations into high-beta narratives. The Fear & Greed Index remained in the “Fear” zone.
- Top Movers: POND (+73.38%), WOJAK (+36.34%), and GUA (+24.56%) led the market gains. Layer 0 infrastructure, Meme coins, and AI + Web3 cultural narratives emerged as the most active themes. Under the current weak market backdrop, small- and mid-cap high-beta assets may still see short-term momentum, though thin liquidity and elevated volatility risks remain significant.
- Alpha Insights: Spot Bitcoin ETFs have recorded net outflows for six consecutive trading days, totaling roughly $1.55 billion, while cumulative net inflows for 2026 have narrowed sharply, reflecting continued pressure on institutional risk appetite. At the same time, Hyperliquid’s native token HYPE surged to a new all-time high, supported by ETF inflows and the protocol’s buyback mechanism, driving renewed market interest in the Perp DEX narrative. On the security front, 86 Gnosis Safe wallets were exploited through a vulnerability in the third-party SquidRouterModule, resulting in approximately $3 million in losses and once again highlighting the risks surrounding multisig module permissions and infrastructure operations.
Discover more details today → Gate Research: BTC ETF Sees Net Outflows for Six Consecutive Days, Hyperliquid Takes Over the ETH Narrative
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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
May 26, 2026
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