According to Lookonchain, a major crypto whale deposited $50.5 million USDC into Hyperliquid and opened significant short positions on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) using 5x leverage. As the crypto market experienced a notable drop, the whale's positions turned profitable, resulting in an unrealized gain exceeding $3.5 million. This large-scale, leveraged short activity and its success underscore bearish momentum in the market and may signal further downside risk for traders monitoring BTC, ETH, and SOL price trends (Source: Lookonchain on Twitter, hypurrscan.io).

According to Milk Road, a recent analysis compares the trading performance of Gold and Bitcoin, highlighting that Bitcoin has significantly outperformed Gold in 2025, with Bitcoin showing higher returns and greater volatility. The analysis notes that while Gold remains a traditional safe-haven asset, Bitcoin's price action has attracted increased attention from both institutional and retail traders seeking higher-yield opportunities. The comparison underscores the importance of considering both assets' risk profiles, as Bitcoin's rapid price movements can lead to larger short-term gains or losses compared to Gold. Traders are advised to monitor macroeconomic factors, as both assets react differently to inflation data and monetary policy shifts (source: Milk Road, May 2, 2025).