Fed Minutes, $1.11B Token Unlock and HYPE Buyback Set the Pre-Market Agenda
- —Fed minutes due October 7; market prices out an October rate hike
- —Bitcoin trades above $86,000 but has twice been rejected near $87,000
- —About $1.11 billion in token unlocks this week, $340 million of it HYPE
- —Hyperliquid received a first USDC tranche of roughly $15 million for HYPE buybacks
Why it matters: The HYPE unlock is about 20 times the size of the buyback, a supply imbalance that will outlast the Fed minutes.
Source: Bitcoin Insider