Today in crypto: 1.75 million HYPE tokens unlocked on Hyperliquid token generation anniversary, Bitcoin may be forming a local bottom as RSI nears oversold and whales open longs, and Anthony Sassano said that Ethereum’s gas limit reaching 180 million is “the floor” for next year.
1.75 million HYPE tokens unlocked on Hyperliquid token generation anniversary
The team behind the Hyperliquid decentralized exchange (DEX) provided clarity on the 1.75 million HYPE token unlock on Saturday, valued at over $60.4 million at the time of this writing.
Saturday’s token unlock was previously disclosed as part of HYPE’s vesting schedule, according to pseudonymous Hyperliquid developer iliensinc. He said:
“As announced a year ago, Hyperliquid Labs’ tokens unlocked on Nov 29, 2025. Different team members have different vesting schedules and can choose what to do with their vested tokens. Today, 1.75 million tokens were distributed to different team members.”
The clarification came in response to fears that the token unlocks would spark a wave of selling pressure that would negatively impact the HYPE token price, which fell by about 4.6% on Saturday.
Bitcoin forms short-term bottom, $100K relief rally in sight: Analyst
Bitcoin may be carving out a short-term bottom after weeks of heavy selling, with one market analyst arguing that conditions are in place for a relief rally toward the $100,000–$110,000 range.
In a recent video, trader Mister Crypto said Bitcoin (BTC)’s short-term structure shows signs of stabilization following what he described as “capitulation” across the market. He claimed that indicators tied to trader behavior suggest that large players have begun opening new long positions despite the sentiment plunging into extreme fear territory, a mix that has historically preceded bounces during downturns.
One of the main technical signals cited is the Bitcoin Relative Strength Index (RSI) on the weekly chart, which is approaching the 30 level. “We have bottomed out for Bitcoin right here. We have been reaching the 30 level. Boom,” he said.
The analyst noted that, in past cycles, this zone has coincided closely with market bottoms. While he cautioned that this does not guarantee the start of a new bull run, he said the current setup often signals at least a temporary reversal.
Ethereum tripling its gas limit is the ‘floor, we can go higher’ — Sassano
Ethereum educator Anthony Sassano said the goal to significantly increase Ethereum’s gas limit to 180 million next year is a baseline rather than a best-case scenario.
“I think that’s the floor, that’s the minimum, I think we can go higher than that,” Sassano said during an interview on the Bankless podcast on Friday, just a day after Ethereum mainnet block gas limit, which is the maximum amount of work the network allows in each block, was raised from 45 million to 60 million.
“The general consensus that has been set by the core developers and researchers is that they want to aim for at least a 3X increase in the gas limit for the next couple of years,” he said.
Sassano pointed out that some Ethereum core developers are even discussing a potential fivefold increase in the gas limit within the next year.