Bitcoin modestly recovers to $109,000 following President Trump’s decision to delay EU tariffs, and whale activity on Hyperliquid sparks market speculation.

Bitcoin Sees Slight Recovery, While Altcoins Show Weak Growth

The cryptocurrency market has shown resilience, with Bitcoin BTC rebounding to $109,000 following President Donald Trump’s announcement on May 26, 2025, to delay 50% tariffs on EU imports until July 9, after discussions with European Commission President Ursula von der Leyen. 

Source: TradingView

This decision eased fears of an escalating trade war, which had previously triggered a sharp correction in Bitcoin’s price from its all-time high of nearly $112,000 to a low of $106,800. The recovery reflects renewed investor confidence, with the global crypto market capitalization rising to $3.56 trillion in the last 24 hours. However, market sentiment remains in the “Greed” zone, signaling potential volatility.

Source: Alternative.me

Ethereum ETH is experiencing sluggish growth, trading around $2,560, with only an 8% increase over the past 7 days.

XRP, trading at approximately $2.35, saw modest upward movement, supported by positive sentiment in the altcoin market, though its momentum lagged behind larger caps. 

Liquidation data paints a cautious picture. According to CoinGlass, the past 24 hours saw $200 million in liquidations, with $90 million in short positions and $110 million in long positions wiped out. Bitcoin accounted for 20.5% of these liquidations, reflecting high leverage in the market. 

Source: CoinGlass

The delay in EU tariffs has provided a temporary boost to risk-on assets, but the high proportion of short positions and recent liquidations highlight ongoing uncertainty. Analysts warn that Bitcoin’s critical support at $106,000 and resistance at $112,000 will be pivotal in determining its next move, while big-cap altcoins like Solana continue to show strength amid broader market fluctuations.

Hyperliquid Whales Stir Market Turbulence

Recent activity on Hyperliquid has sent ripples through the cryptocurrency market, driven by significant whale orders. 

Read more: A Billion-Dollar Bet: 3 Hyperliquid Whales Bet Big on Bitcoin Bullish Sentiment

On May 25, 2025, whale James Wynn closed a $1.2 billion BTC long position on Hyperliquid. The position, opened at an average price of $108,921, was closed at $107,746, resulting in a $13.4 million loss on that trade.

Source: Hyperdash

He then switched stance, opened BTC short positions worth $1 billion. But just after 15 hours, he closed all short positions, losing $15.87 million.

Despite this setback, Wynn’s cumulative trades over the past 75 days netted an overall profit of $25.2 million, showcasing the high-stakes nature of leveraged trading on the platform.

Top trader @JamesWynnReal withdrew 28M $USDC from Hyperliquid, walking away with a $25.2M profit.

Over the past 75 days, he made 38 trades on #Hyperliquid, 17 of which were profitable, with a 45% win rate.

During that time, he contributed ~$2.31M in fees to #Hyperliquid.… pic.twitter.com/1wZJj22Hvf

— Lookonchain (@lookonchain) May 26, 2025

Hyperliquid’s low-fee structure and high-leverage options have made it a hotspot for such large-scale trades, but they’ve also raised concerns about potential manipulation. X users noted the impact, with @CryptoInsiderX posting, “Whale moves on Hyperliquid are shaking the market – open interest is spiking, but so is the risk of a liquidation cascade.”

Open interest for BTC contracts on Hyperliquid rose 20% in the last 24 hours, per Dune Analytics, fueling speculation of a short-term price push. 

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