Shiba Inu ETF Dreams, Whale Drama & Bitcoin’s Struggle to Break $64k: Crypto Chaos Unveiled!

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TL;DR

  • Shiba Inu (SHIB) is suddenly the favorite for an ETF thanks to Canary Capital’s PEPE filing – it’s got 1.5 million holders and Coinbase CFTC futures on its side.
  • Hyperliquid whale does a dramatic U-turn: opening 10x leveraged longs on XRP and SOL, while shorting HYPE. Someone’s making big moves.
  • Bitcoin (BTC) is caught in a tight squeeze. After being rejected twice by the Bollinger Bands, it’s eyeing a comfy $64,900 target. Don’t get too excited.
  • Crypto outlook: The economy’s looking grim with Q4 GDP growth at a disastrous 0.5%. Bitcoin’s still holding strong, but is it just a “stagflation hedge” at this point?

Shiba Inu (SHIB) becomes next ETF candidate after Canary’s filing for PEPE

So, here’s a surprise – Shiba Inu (SHIB) might actually be getting a shot at an ETF. Thanks to Canary Capital’s S-1 registration for a PEPE spot ETF, SHIB could be next in line for that institutional sweet spot. And let’s be real: Who would pick a frog-themed token over a cute, meme-tastic dog coin?

SHIB, the meme king of Ethereum, continues to hold its crown while PEPE is still playing catch-up. Here’s why SHIB is in the lead:

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Shiba Inu (SHIB) Gets ETF Chance After Canary’s Newest Filing, $90.3 Million Hyperliquid Whale Opens Unusual XRP Long, Bitcoin Eyes $64,900 Return Amid Double Rejection From Bollinger Bands: Morning Crypto Report
  1. SHIB is the stable, liquid asset with a $3.5 billion market cap, compared to PEPE’s sad little $1.5 billion.
  2. Over 1.5 million holders – almost three times that of PEPE. It’s safe to say, SHIB’s got the fanbase.
  3. T-Rowe Price is already all in on SHIB. They’ve confirmed they’ll be adding it to their crypto products. Regulators, start taking notes.

And let’s not forget SHIB’s CFTC futures on Coinbase. Not bad for a meme coin, eh? Also, unlike PEPE, SHIB’s launch didn’t raise any red flags with the SEC. Apparently, meme frogs are a bit sketchy for regulators.

Shiba Inu’s mysterious creator, Ryoshi, has pulled a classic Satoshi: disappeared into the ether, leaving behind a decentralized gem. It’s almost like Bitcoin but with more barking.

$90 million Hyperliquid whale shakes up market with unusual XRP long

Speaking of big moves, there’s a whale out there who’s making all the right noises. Hyperliquid’s biggest player (with a whopping $92 million portfolio) just switched gears. After unstaking a cool 42 million HYPE tokens worth $93 million, this whale decided to make some noise by opening 10x leveraged longs on XRP and SOL. Oh, and don’t forget the short on HYPE itself. Someone’s hedging their bets.

After all this, they restaked their HYPE tokens. Now valued at $92.3 million, these whale moves are either market manipulation or the most sophisticated poker game ever played. But here’s the kicker: it’s giving some retail traders the idea that XRP and SOL might be the next big thing.

Bitcoin under pressure: PCE meets expectations, but Bollinger Bands point to $64,900

Bitcoin, what are you doing? The PCE data didn’t shock anyone, but Bitcoin is still stuck in a double rejection trap, and it looks like it’s heading toward $64,900. It’s almost like watching a crypto drama unfold with no happy ending in sight.

On the BTC/USD chart, Bitcoin keeps getting blocked around $70,000, thanks to the upper Bollinger Band. Now, according to the Bollinger formula, the next logical step is a dive toward the lower band, somewhere around $64,900.

But don’t let the neutral PCE data fool you. Jobless claims are creeping up, hinting at a cooling labor market. Could this be the prelude to a recession? Bitcoin sure thinks so. Everyone’s eyeing that CPI report like it’s the last season of their favorite show. A hotter-than-expected CPI would likely send Bitcoin spiraling toward that $64,000 level.

Crypto Market Outlook: Bitcoin reinforces its anti-dollar narrative

Meanwhile, the U.S. economy is officially in a tailspin. Q4 GDP growth slumped to 0.5%. That’s way below the 2.8% expected, which means one thing: the U.S. might be entering a technical recession. Oops.

Key checkpoints:

  • Bitcoin’s holding firm at $71,000, looking more like a “digital gold” than a speculative asset these days. Maybe it’s a hedge, maybe it’s a safe bet in a crumbling economy?
  • Inflation’s still high, thanks to those pesky oil prices that are making everything more expensive.
  • When GDP drops like a rock and inflation refuses to cooperate, markets start expecting the Fed to pull some monetary expansion stunts.

In this environment, Bitcoin could be morphing into a “stagflation hedge” rather than just a fancy speculative asset. Will it become the new “digital gold”? Stay tuned. And mark your calendar for the Federal Reserve’s next rate decision. It’s going to be a doozy.

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2026-04-09 16:44