$HYPE business model and their technology is undervalued at $78, the burning mechanism and buy back system they have every cycle is something that will eventually make their price recover and protect their token value. Shorting this every cycle will just help it more rise as it naturally pushes the price back through its buyback and squeezing the shorts naturally once it pushes up. The price is still at discount, the price now is detached from its real value. Despite of the heavy short position placed in it i’m placing a long bet here to ride the natural mechanism of hyperliquid’s tokenomics. 🏹