Five-Year Treasury Auction Yield Tops 5% as Crypto Allocations Hold
The $70 billion note sale produced a 5.033% high yield, while 15 large institutions maintained or increased crypto exposure during a roughly 50% drawdown.
The $70 billion note sale produced a 5.033% high yield, while 15 large institutions maintained or increased crypto exposure during a roughly 50% drawdown.
The yield rose 7 basis points on Sept. 24 as pressure moved into shorter-term Japanese debt, adding strain to yen-funded trades linked to global markets.
Trading volume topped $129 million, while open interest reached a monthly high of $83 million and short liquidations totaled $621,000.
Short positions account for 52.49% of whale exposure, while long positions show a combined profit of $585 million and shorts carry a $622 million loss.
The addresses withdrew 31,979 ETH within seven minutes after a market pullback, at an average price of $2,679.31.
Shares rose 12% to $14.57 on Sept. 23, while Cantor Fitzgerald assigned an overweight rating and a $21.20 price target.
Bitwise led the session with $11.54 million, while Franklin’s fund recorded $6.50 million. Cumulative inflows reached $1.75 billion.
Bitwise Hyperliquid ETF (BHYP) accounted for the entire outflow, while total assets stood at $505 million.
Fidelity’s FSOL led daily inflows with $6.7414 million, while cumulative net inflows reached $1.486 billion.
The funds posted positive flows for a second straight trading day, lifting cumulative net inflows since launch to $1.471 billion.
Spot gold traded at $4,300.31 an ounce on Sept. 24, up 0.30% on the day.
Net inflows reached a third straight trading day, led by BlackRock’s ETHA with $88.1 million. Cumulative inflows since launch totaled $13,714.0 million.
The funds recorded four consecutive sessions of net inflows, bringing cumulative flows since launch to $56.976 billion.
Leveraged long positions accounted for $447 million of the liquidations as Bitcoin fell below $84,000 and Ether touched $2,635.
A stronger-than-expected September PMI lifted rate concerns, while Bitcoin and Ether also retreated as liquidity conditions tightened.
The tokenized assets are valued at about $19.82 million, while primary Aerodrome pools hold roughly $12.97 million in combined liquidity.
The single purchase was made at $9.39 per UNI. The report was published at 9:39 p.m. ET Wednesday (01:39 UTC Thursday).
Long positions accounted for $352 million of the total, while short-position liquidations reached $37.5 million.
Brent crude fell 0.47% to $102.46, while European stocks, gold and silver posted mixed moves.
USDC Treasury completed the mint at 8:50 p.m. ET Sept. 23, or 00:50 UTC Sept. 24.
The yield rose 8 basis points to 3.055%, marking its highest level in nearly three decades.
The address had accumulated 52,000 ETH at an average price of $2,161 over nearly two months before reducing most of the position at $2,664.
The market sentiment gauge indicated greed on Sept. 24, reflecting positive risk appetite across cryptocurrency markets.
Volume reached 44 times its year-earlier level, while on-chain venues handled 86% of activity tied to stocks, commodities and indexes.
The cohort’s combined balance rose 2.22% to roughly 5.24 million BTC, but the data does not identify owners or confirm open-market purchases.
The ETF received about $93.89 million in Bitcoin from Coinbase Prime, marking its largest single inflow since launch.
The whale accumulated the Ether through Galaxy Digital over the past two months and plans to sell the position.
Daily net inflows totaled approximately $160 million, $433 million, $999 million and $715 million across the four trading sessions.
The Dow, Nasdaq Composite and S&P 500 each declined Thursday, Sept. 24, while Alphabet, SanDisk, Block and SKHY also fell.
The 10-year yield briefly reached 5.13%, while a weak $70 billion five-year note auction pushed borrowing costs higher across the curve.
Trades near $5,499 made up 57% of a $13.5 million Ether sample from Sept. 17-20, while Kalshi attributed the pattern to fixed-size liquidity orders.
ZRO gained 47.41% in seven days, while spot volume rose to about $163 million and derivatives volume reached $264.54 million.
The probability of holding rates at 3.75%-4% stands at 30.3%, while pricing points to further tightening by December.
One-week 25-delta call implied volatility stood 9.3 volatility points above comparable puts on Sept. 23.
The decline followed stronger U.S. business activity and coincided with $135.8 million in crypto liquidations within one hour.
The planned contracts would cover 10,000 UNI and 1,000 UNI, with trading scheduled for Oct. 19 pending regulatory review.
The $70 billion sale priced at a 5.033% yield, 3.1 basis points above the when-issued level, marking the second-largest auction tail on record.
HYPE rose 2.85% over 24 hours by 7 p.m. ET on Sept. 23, trading above $97 and nearing the $100 threshold.