HYPEЦена Hyperliquid

Decentralized futures platform Hyperliquid ($HYPE) has surpassed $1.4 billion in total protocol revenue, with over $1.26 billion of that sum allocated to repurchasing $HYPE tokens. According to a market research report by Castle Labs, Hyperliquid maintains a dominant position in the on-chain perpetual futures market, controlling more than 56% of the market share by open interest volume. A key highlight of the report is the platform's significant allocation of revenue towards its token buyback program. The total value of these open-market repurchases exceeds $1.26 billion, underscoring the critical role this mechanism plays in the $HYPE token's economic model.

This weekly analysis examines the recent price action of Bitcoin (BTC) and HYPE, focusing on key technical developments and outlining potential trading strategies. **Bitcoin (BTC) Analysis:** * **Market Trend Assessment:** The analysis applies a "52-week moving average confirmation method" to assess the broader trend. While BTC's weekly closing price has broken above this key average, the moving average itself remains in a downtrend, and a proper pullback confirmation is still lacking. The conclusion is that the rally from the July 1st low is still classified as a technical rebound, not yet confirming a new bull market. * **Daily Chart Structure:** The report argues that the five-wave rally (a-e) from the July low likely concluded at the September 21st high. The recent breakdown below the key support of $82,500, followed by a weak-volume rebound, supports this view. If the e-wave is complete, a larger corrective decline (potentially in three sub-waves) is anticipated. The first leg of this correction is underway, with an initial target around $78,000. * **Weekly Outlook & Strategy:** * **Outlook:** The focus is on the downside targets from the September 21st high. Key resistance is seen at $85,500 and the $87,500-$90,000 zone. Support levels are identified at $80,500-$82,500, $75,000-$78,000, and $69,100-$70,500. * **Strategy:** The medium-term posture is neutral/cautious, recommending watching for a potential pullback to a "channel" for confirmation. For short-term traders, two scenarios are outlined: (A) Selling into strength near the $85,500-$87,500 resistance if bearish signals appear, or (B) Selling a confirmed breakdown below the $80,500-$82,500 support zone. A 30% position size with strict stop-loss management is advised. **HYPE Analysis:** * **Daily Chart Structure:** HYPE broke below the lower boundary of its two-month ascending channel on October 8th. Price is currently in a "pullback confirmation" phase, testing this breached support-turned-resistance. A failure to reclaim this level would signal weakness and open the path towards the $75-$77 support area. The longer-term uptrend line, however, remains intact. * **Weekly Outlook & Strategy:** * **Outlook:** The critical watchpoint is the outcome of the current test of the former channel support. Resistance levels are noted at $88-$90, $94, and $102. Key support zones are $80-$82 and $75-$77. * **Strategy:** Two bullish scenarios are proposed for short-term trades: (1) A light long position if price convincingly reclaims and holds above the former channel support, or (2) A light long position if price falls to the $75-$77 support area and shows signs of stabilization. A 30% position size with strict stop-loss discipline is emphasized. **Risk Management Reminder:** The article includes a standard trailing stop-loss protocol (moving stop to breakeven at +1% profit, then locking in profits progressively). It strongly cautions that all analysis is for informational purposes only, not investment advice, and strategies must be adapted to changing market conditions.

Market sentiment is leaning bearish for Bitcoin and XRP, while optimism is building around Ethereum. According to data from analytics firm Santiment, the ratio of bullish to bearish comments for Bitcoin stands at 0.82, and for XRP at 0.92, based on discussions across X, Reddit, and Telegram. This means there are approximately 82 and 92 positive remarks for every 100 negative ones, respectively. The analysis highlights that XRP, in particular, is currently in a state of significant Fear, Uncertainty, and Doubt (FUD). The findings suggest investors are facing a market where negative discussions are outweighing positive sentiment for these assets.

**Podcast Summary | Interview with Ansem: Still a Chance to Buy the Dip, STRK, PUMP, HYPE, and GRASS Remain Undervalued** **Key Takeaways:** The market's first major correction since the June lows was healthy, primarily liquidating over-leveraged long positions without damaging the macro uptrend. Fundamental demand for tokenization and stablecoins from institutional capital remains strong. Ansem advocates a strict 70/30 portfolio strategy: 70% in core long-term holdings (e.g., BTC, SOL), 30% for high-conviction, high-alpha opportunities like MemeFi. He argues MemeFi is not fleeting speculation but a natural vehicle for retail capital and attention, making it a truly vibrant sector. Pump.fun is highlighted as a formidable protocol-level cash flow machine, significantly boosting Solana's ecosystem activity and reinforcing its role as the primary retail hub. For momentum trades like Hyperliquid's upcoming HYPE token, Ansem stresses disciplined, scaled profit-taking over chasing peak prices, emphasizing that realized gains are more important than paper profits. **Main Insights:** Ansem views the recent volatility as a necessary deleveraging event, clearing out weak hands while core fundamentals stay intact. He advises against using high leverage during consolidation phases. The evolution of derivatives markets (onshore, offshore, on-chain) requires traders to manage position size based on liquidity depth to avoid cascading liquidations. Bitcoin serves as the macro store-of-value foundation, while MemeFi represents the expressive, attention-based side of crypto—a permanent fixture driven by human nature and a fairer launch model for retail compared to traditional VC-backed tokens. Solana's long-term valuation potential is viewed very optimistically due to its entrenched network effects, heavily fueled by applications like Pump.fun. Overall, the interview presents a cautiously optimistic outlook, seeing the dip as a buying opportunity for select assets, underscored by rigorous risk management and profit-taking discipline.

The founder of Hyperliquid, Jeff Yan, argued in a Bloomberg interview that U.S. regulators should focus on companies that operate trading markets on the Hyperliquid platform, rather than regulating the decentralized exchange (DEX) itself. He stated that regulatory requirements should be applied at the level of the participants who control the trading services, comparing his platform to internet infrastructure. Yan believes this approach would allow Wall Street firms to launch products on Hyperliquid without the need to regulate the DEX as a traditional exchange.