The ‘Saylor Cloud’ Looms Over Bitcoin—And These Two Altcoins Are The Beneficiaries

Bitcoin (CRYPTO: BTC) remains under pressure, but FalconX Head of Trading Strategy Hassan Baseri says institutional traders are increasingly looking at Ethereum (CRYPTO: ETH) and Hyperliquid (CRYPTO: HYPE) as higher-conviction opportunities.

What Happened

Speaking on June 18 on the Milk Road Show, Baseri highlighted the dominant trade among institutional clients has been “short crypto, long AI,” as artificial intelligence stocks continue absorbing market attention and capital.

However, within crypto, Baseri said traders are watching Ethereum and Hyperliquid closely, while Bitcoin remains clouded by concerns around Michael Saylor’s Strategy

Full story available on Benzinga.com