Name: Why Smart Money Is Loading On Ethereum & Hyperliquid Over Bitcoin
Uploaded: 2026-06-17T18:45:24+00:00
Duration: 2305 s

Speakers

Hassan Basiri — Head of Trading Strategy, FalconX

Summary

Hassan Basiri, Head of Trading Strategy at FalconX, discusses the crypto market outlook. He sees Bitcoin near a $55k bottom as the Saylor overhang resolves, Ethereum as oversold with asymmetric upside potential, and Hyperliquid as a high-conviction long due to strong tokenomics and IPO catalysts. He also flags a near-term Pump token unlock that warrants watching for a reset entry, while AI continues to suck capital away from crypto in the short run.

Bitcoin is pressured by Saylor's Strategy overhang; a bottom around $55k is expected once the market tests his position and he sells some BTC.
Institutional clients are accumulating Bitcoin and using options to express long views near current levels.
Ethereum is seen as oversold with violent rally potential; risk reversals and accumulation near $1,700 are considered favorable.
Hyperliquid's token is defended by the team, has a low effective float due to buybacks, and stands to benefit from upcoming IPOs.
Pump token faces a mid-July unlock that is capping price; watching for a flush and potential rebuild afterward.
AI is currently drawing capital away from crypto, but a rotation from stock wealth back into crypto majors is anticipated.
Midterm elections present a regulatory risk for crypto if Democrats win and stall or reverse positive legislation.

Ideas

Hassan Basiri Head of Trading Strategy, FalconX 9:14

Buy Bitcoin near 55k bottom.

Bitcoin is likely to bottom around $55,000 as the market tests Saylor's position. Current levels around $60k are close to that bottom, and once Saylor sells a small amount of Bitcoin and bolsters reserves, the overhang will resolve higher. Long-term returns from accumulation at these levels are attractive, and timing the exact bottom is less important than beginning to accumulate while sentiment is poor.

Hassan Basiri Head of Trading Strategy, FalconX 18:31

Ethereum oversold, violent rally likely.

Ethereum is oversold near $1,700 with strong historical support at $1,400. ETH tends to make violent 40% rallies after long consolidations. Institutional clients are implementing risk reversals (selling $1,400 puts, buying $1,800 calls) because the setup offers asymmetric upside. Allocating to Ethereum at these levels is reasonable.

Hassan Basiri Head of Trading Strategy, FalconX 22:34

Hyperliquid token rally far from over.

Hyperliquid (HYPE) has a team that aggressively defends token value by preventing ecosystem tokens from diluting real bid. Effective fully diluted valuation is far lower than headline due to buybacks and delayed issuance, making current market cap the real float. Upcoming IPOs like SpaceX, Anthropic, and OpenAI will attract speculation. Strong demand persists even against Binance competition, and the token can keep running through $100.

Hassan Basiri Head of Trading Strategy, FalconX 29:30

Watch Pump unlock for fresh entry.

Pump (PUMP) faces trust issues from a larger-than-expected raise, a reduced buyback commitment, and a delayed airdrop. The upcoming token unlock around mid-July is likely to cap the price as holders take profits. The best path is to let the unlock flush out sellers; after that, the token can rebuild trust and offer a fresh entry, making it worth watching for a reset and potential recovery.

Why Smart Money Is Loading On Ethereum & Hyperliquid Over Bitcoin

Summary

Ideas

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