$HYPE just knocked on $70 — up ~5-7% today while $BTC grinds at $62K.
The wild part? A $660M token unlock hits in 2 days and the market is front-running it UP, not down.
That's what $1.27B in fees and relentless buybacks buy you: conviction.
ATH at $76.67 is next.
2018 vs 2026 $BTC bear:
2018: -84%, bottomed 12 months after peak
2026: only -51% so far, month 9
Same timing rhythm. Half the damage.
ETFs changed the structure. Waiting for $20K is fighting the last war.
Oct 2026 is the window. Accumulate accordingly.
$BTC grinding back above $62K after the jobs data... but the real story is $HYPE.
While BTC chops, Hyperliquid keeps printing:
• $1.27B+ cumulative fees
• Buybacks burning supply daily
• Top 10 by market cap
• Only ~15% off ATH
Revenue-backed tokens > narrative tokens.
1/ Multicoin published a full analysis & valuation of Hyperliquid (HYPE).
HYPE is now one of the largest positions in our liquid hedge fund. We've been accumulating aggressively since February.
Here's why we believe HYPE will be one of the best performers over the next cycle: