19 hour ago
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BEARISH 📉 : Bitcoin liquidations surge while $HYPER shows resilience
The crypto market is experiencing significant volatility as $1.5 billion in [Bitcoin](https://holder.io/coins/btc/) leveraged long positions were liquidated between January 29-31. This has led to a sharp retracement in Bitcoin's price, resulting in double-digit losses for several altcoins.
- Market corrections are flushing out over-leveraged positions, resetting open interest levels.
- High transaction fees during network congestion highlight Bitcoin's scalability issues, opening opportunities for Layer 2 solutions.
- [Bitcoin Hyper](https://newsbtc.care/box_7271b6427956901b28f9e1ee77c086e1), leveraging Solana Virtual Machine (SVM) on Bitcoin's security layer, shows resilience amid these conditions.
Integration of Solana Virtual Machine with Bitcoin Layer 2
- Bitcoin Hyper combines Bitcoin's security and Solana's speed, providing a robust environment for decentralized applications (dApps).
- Offers sub-second finality and low gas fees, enhancing capabilities for smart contracts, swaps, lending protocols, and gaming dApps.
The project addresses the 'programmability gap' by enabling efficient $BTC transfers through a decentralized bridge, reflected in its strong presale performance despite market corrections.
- $HYPER maintains technical resilience with price stability at $0.013675, even as other Layer 1s falter.
- Raised over $31.2 million, indicating strong community engagement and belief in the Layer 2 narrative as a key growth driver for the future crypto cycle.