Sunday, July 26, 2026
Hyperliquid's real-world asset trading platform is seeing sustained interest with $170M in SpaceX perpetual open interest, while Bitcoin mining search interest has collapsed 77% to 19, signaling retail capitulation. Solana continues to outperform with just 14% decline versus Ethereum's 21% as Polymarket prices 0.2% odds for July Bitcoin highs.
Ongoing Stories(6)
3-Month Price Carnage: Bitcoin, Ethereum, Solana Performance
Still TrendingPrice trends remain consistent with prior analysis. Bitcoin at $64,307 (-18.2% 3mo), Ethereum at $1,879 (-20.7%), Solana at $74.78 (-14.0%). Solana continues showing relative resilience.
See previous coverageEthereum ETF Interest: The Post-Filing Fade Continues
Still TrendingEthereum ETF search interest remains suppressed at low levels following the 55-60% decline from June peaks post-Morgan Stanley filing. No new ETF catalysts have emerged.
See previous coverageCautious Retail Interest: 'How to Buy Bitcoin Safely' Search Trend
Major UpdateMajor update: 'How to buy bitcoin' searches have now collapsed 90% from June peak (59 to 6), exceeding prior estimates. The safe Bitcoin education wave has fully evaporated.
See previous coverageCrypto Casino & Regulation Interest: The Regulatory Chill
Still TrendingCrypto casino search interest remains at collapsed levels (7-8) vs July 3 peak (83). The 93% decline from peak continues to signal regulatory chill impact on gambling-related crypto searches.
See previous coveragePolymarket's July Pessimism: 99.8% Say No to $82.5K Bitcoin
Still TrendingPolymarket odds remain at extreme pessimism levels with 0.2% probability for $82.5K Bitcoin in July. With 5 days left in month, traders are pricing near-certainty of no new highs.
See previous coverageXRP ETF Searches Dominate Altcoin ETF Interest
Still TrendingXRP ETF searches maintain 11-13 levels vs Solana ETF at 5-6. XRP continues to dominate altcoin ETF speculation with 2x the search interest despite both being down 75-80% from June peaks.
See previous coverageVisualizations(5)
Hyperliquid Search Interest: The RWA Trading Narrative Peaks
Hyperliquid interest peaked at 67 in late May during SpaceX pre-IPO trading launch, declining to 20 currently. The 'hype token' remains minimal at 0-1, showing users search for the platform not the token.
Bitcoin Mining Interest Collapse: Retail Exodus Accelerates
Bitcoin mining search interest collapsed 77% from May peak (84) to current levels (19), while crypto mining fell 73% (41 to 11). This signals retail capitulation in mining interest during the 3-month downturn.
3-Month Crypto Performance: Solana's Relative Resilience
Over 3 months, Bitcoin fell 18.2%, Ethereum dropped 20.7%, while Solana declined only 14.0%. Solana maintains outperformance with smaller drawdowns and stronger recovery attempts, now trading at $74.78 vs $86.97 start.
Bitcoin Buy Intent Evaporates: The 90% Search Collapse
'How to buy bitcoin' searches collapsed 90% from June peak (59) to current levels (6), while 'buy bitcoin' fell 83% (90 to 15). Retail education and entry interest has evaporated following the June price crash.
Polymarket Bitcoin Pessimism: 0.2% Odds for $82.5K July Target
Polymarket traders price 0.2% probability Bitcoin hits $82,500 in July and 0.1% for $100,000. Markets remain extremely bearish with 99.8% confidence July will not see new highs despite current price at $64,307.