Following a sharp increase in liquidity and concentrated large-wallet 
positioning, the Virtuals protocol price is currently trading around $1.53. 
This creates a traditional high-beta background, where a short squeeze might 
develop rapidly if purchasing pressure continues. Speculative flows have 
increased…

Virtuals Protocol price prediction: Will VIRTUAL flip $2?

Multiple technical indicators suggested a potential XRP price rally toward $3 
in the coming days as the balance on exchanges hit five-year lows.

These four XRP price charts predict a rally toward $3

The filing underscores growing institutional interest in integrating crypto 
derivatives into mainstream investment portfolios.
The post 21Shares files S-1 for Hyperliquid $HYPE ETF appeared first on Crypto 
Briefing.

21Shares files S-1 for Hyperliquid $HYPE ETF

Wintermute, one of crypto’s largest market makers, struck an overtly risk-on 
tone in a Monday market update on X, arguing that a dovish macro turn and 
thawing US–China tensions have reset positioning and liquidity into a 
friendlier Q4 regime. In a post dated October 28, the firm wrote that “risk 
appetite is returning as softer CPI data and improving Trump-Xi relations 
lifted markets, with yields easing and volatility declining,” adding that 
“Bitcoin reclaimed $115k on ETF inflows and short squeezes, while DeFi and AI 
sectors led the recovery.” Wintermute&#8217;s Bullish Crypto Outlook For Q4 The desk 
framed the impulse as both macro- and microstructure-driven. On the macro 
side, Wintermute pointed to “a softer US CPI print (3.0% YoY vs 3.1% 
expected)” and “the announcement of a Trump-Xi summit in Seoul,” which it said 
catalyzed “a broad rebound across assets” as the S&amp;P 500 gained 1.9%, the VIX 
hovered “around 16,” and Treasury yields eased with rate-cut odds firming into 
this week’s Federal Reserve meeting. On the crypto side, the update said 
“Bitcoin performed well with a 5.3% gain, climbing above $115k… amplified by 
$160m in short liquidations,” while “Ethereum tracked higher toward $4,200,” 
and “gold unwound nearly 7% from its highs, signaling a rotation from 
defensive assets into risk assets.” Related Reading: China Intensifies Crypto 
Crackdown With Latest Warning Against Stablecoins Wintermute characterized the 
advance as broadening beneath the surface. “DeFi and AI names led gains on 
strong protocol revenue prints and improving on-chain activity,” while 
“Utilities and Tooling benefited from infrastructure-related rotation as new 
L2 deployments and restaking primitives drew liquidity.” Derivatives posture 
turned supportive, too: “On the perp side, funding rates turned positive again 
across most majors… though positioning remains far from crowded.” The firm 
also flagged a turn in base money for crypto beta: “Stablecoin supply is 
ticking higher for the first time since September, reinforcing that macro 
tailwinds are beginning to translate into fresh inflows. Spot demand from US 
spot ETFs, according to Wintermute, continues to anchor the structure even as 
activity cooled. “US spot BTC ETFs absorbed moderate inflows through the week 
even as volumes thinned, underscoring sticky structural demand.” Meanwhile, 
derivatives leverage “is rebuilding at a measured pace after the early-month 
flush,” which the firm framed as healthier—“cleaner leverage and more balanced 
funding.” The house view into November is unambiguously constructive and leans 
on seasonality and positioning. One passage distilled the stance: “While 
Uptober had a bit of a false start, macro tailwinds, cooling inflation, 
‘stabilizing’ geopolitical tension and a dovish FED are setting the stage for 
a supportive rest of the year, which historically (Q4) has been the strongest 
for Bitcoin.” Related Reading: ‘It’s All One Trade’ — Crypto Bull Run Isn’t 
Done, Says Dan Morehead In its closing summary, Wintermute reiterated that 
“positioning is cleaner, volatility subdued, and capital rotation is gradually 
steering toward crypto. With liquidity conditions improving and sentiment 
stabilising, the setup into Q4 remains constructive, favouring further risk-on 
continuation.” A Decisive Week For Crypto The note drew immediate 
amplification from market commentators. DeFi analyst Ignas compressed the 
message into a trading takeaway: “Wintermute is telling you to max bid,” 
citing “yields… easing, volatility… down, and BTC reclaimed 115k helped by ETF 
inflows and short squeezes.” He highlighted Wintermute’s own line that “macro 
tailwinds, cooling inflation, ‘stabilizing’ geopolitical tension and a dovish 
FED are setting the stage for a supportive rest of the year.” Whether this 
marks an outright regime shift or a tactically favorable window will hinge on 
this week’s event risk—namely the Fed decision and any concrete outcomes from 
the Trump–Xi engagement. Wintermute, however, is explicit about the current 
state of play: markets are “rotating back into risk” with “cleaner 
positioning” and “calmer volatility,” Bitcoin “has reclaimed early-October 
losses with steady ETF inflows,” and sector leadership in DeFi and AI is 
consistent with an early-risk rotation. “With cleaner positioning, calmer 
volatility, and better macro visibility, the setup into November looks healthy 
for further recovery and rotation across crypto,” the firm concluded. At press 
time, the total crypto market cap stood at $3.78 trillion. Featured image 
created with DALL.E, chart from TradingView.com

Max Bid Crypto Now: Market Maker Wintermute Turns Fully Bullish

Institutions are tokenizing hundreds of millions of capital on the Avalanche 
blockchain, which is turning government and TradFi integrations “into onchain 
reality,” according to Nansen.

Cryptocurrency price in SAR