$HYPE is back at the top of the trending list this morning, but the tape is red — down about 3.7% near $84.30 on over $1.26B in volume, which is still a serious amount of flow for a down day. Feels like traders watching a name that's getting louder off the chart too, with all the chatter about regulated perps finding a home on Hyperliquid rails. $BTC is softer in the background, down roughly 1.7% near $76,700, so this isn't just the market dragging it down. I'm watching whether $HYPE holds above $84; if it does, the trending crowd probably sticks around. #Hyperliquid