The Crypto Rundown 241: HYPE Surges While Bitcoin Treads Water

Bitcoin and most altcoins traded sideways this week with compressing implied volatility, while Hyperliquid's HYPE notably outperformed, rallying back above $93.

• Bitcoin ticks up: BTC rose ~$1,600 week-over-week to ~$85,490 (briefly touching $87,000), with IBIT at $48.33 and 30-day vol compressing to 35 (down 4 points).
• MSTR options cool off: MSTR gained $2.92 to $162.67, but vol fell to 64 and ADV dropped 19,000 contracts/day to 522; hot trade was 11,000 of the 170 calls expiring Friday at ~$2.50.

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