HYPE at $93.5, are you chasing it?
While the market is bleeding heavily, it surged 18% against the trend, with a trading volume hitting $3 billion, just 4% shy of its all-time high. Everyone is asking: if you jump in now, are you taking profits or catching the falling knife?
24-hour surge of 16-18%
Trading volume over $3 billion, several times the usual
Market cap between $22-23.6 billion, ranking jumps into 9th-10th place
Only 4-5% away from ATH at $97.9-98
The candlestick shows: a violent rally from a low of 78.5 to near 97 within 24 hours, then a pullback to 93.5 for consolidation. A typical news-driven breakout with volume expansion, no shrinkage, and a healthy bullish structure.
First: The NYSE parent company is involved, this is not ordinary good news
On October 29, big news broke: ICE (parent company of the New York Stock Exchange) partnered with Trade.xyz to launch a regulated perpetual futures market in the U.S. using Hyperliquid’s infrastructure.
Coverage? Crypto, stocks, indices, commodities, forex—full spectrum.
This is on par with CME launching BTC futures back in the day—a formal endorsement of on-chain technology by traditional finance.
Whales are simultaneously opening long positions, with multi-million dollar orders. Elon Musk-related interactions are also heating up.
Second: 99% of fees are used to buy back HYPE, this is a money-printing machine
Hyperliquid has accumulated revenue exceeding $1.38 billion, with 99% of protocol fees flowing into the Assistance Fund to buy back HYPE on the open market.
Cumulative buybacks have approached 5% of the max supply. Daily fees support buybacks worth millions of dollars.
Every transaction means real money buying your tokens on the market. This is not just narrative, this is cash flow.
Most DeFi: collect fees → team takes cut → token price fluctuates randomly
Hyperliquid: collect fees → buyback and burn → flywheel spins faster and faster
Third: The market is bleeding, but it’s partying independently
BTC struggles around 78,000, dominance at 59%, total market cap under pressure, Fed hawkish, oil prices and geopolitical factors suppress risk appetite. Most altcoins are down flat.
HYPE surges against the trend, driven by both news and fundamentals, not a broad bull market rotation.
If BTC weakens further → HYPE may be dragged down
If BTC stabilizes → HYPE has the greatest elasticity and leads the rebound
Support: 90-91 (short-term pullback) → 85-88 (strong demand zone)
Resistance: 98 (ATH) → 100 psychological level → 110-120 (optimistic target)
Short-term overbought and consolidation likely, but trend remains bullish—higher highs, higher lows, structure intact.
Bull vs. bear, you decide:
On the bullish side:
ICE partnership, NYSE parent company endorsement, institutional access opens
99% fees used for buybacks, $1.38 billion accumulated revenue, deflationary flywheel
Trading volume over $3 billion, volume breakout, bullish structure intact
Whales going long, Elon interactions, extremely bullish sentiment
On the bearish side:
Only 4% from ATH, obvious selling pressure above
Short-term gains too large, profit-taking needed
Market weak, BTC may drag down
Regulatory approval by CFTC needed, uncertain launch timing
Trading strategy
For those already in:
Take partial profits, hold the rest firmly. Targets: first break 98 → 100 → 110-120. Use 85-88 as stop-loss reference, don’t let profits erode too much.
For those not in:
Aggressive short-term: wait for pullback to 90-91 to stabilize (no volume increase on drop), light long position, stop-loss below 88, target 95-98
Conservative swing: wait for correction to 85-88 strong demand zone to build position gradually, stop-loss below 85. This is the optimal entry point.
Breakout chase: volume confirms holding above 98, can add partial position, stop-loss near 93, target 100-110.
Bearish short-term idea: break below 90 with volume, light short position, target 85, stop-loss above 93. Heavy shorting against trend not recommended.
HYPE now is like SOL in 2023—
Everyone thinks "it’s gone up too much, time for a correction," but it went from 20 to 200.
Every correction was the last chance for those who missed out.
But this time it’s different—the NYSE parent company stands behind it.
$BTC$ETH$HYPE
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