$HYPE has an interesting battle ahead.
Hyperliquid could receive $15M+ in November from Circle’s AQAv2 reserve yield framework, potentially supporting more strategic buybacks.
October already saw nearly $15M used for buybacks, while the protocol generated $87M+ in revenue.
But selling pressure hasn’t disappeared.
CVD shows 450K+ $HYPE sold on Binance perps, while declining OI suggests bears aren’t aggressively building positions.
The key levels:
$80 = major structure
$75 = support
$98 = bullish target
The question is simple: will buybacks absorb the selling pressure?
Hyperliquid could receive $15M+ in November from Circle’s AQAv2 reserve yield framework, potentially supporting more strategic buybacks.
October already saw nearly $15M used for buybacks, while the protocol generated $87M+ in revenue.
But selling pressure hasn’t disappeared.
CVD shows 450K+ $HYPE sold on Binance perps, while declining OI suggests bears aren’t aggressively building positions.
The key levels:
$80 = major structure
$75 = support
$98 = bullish target
The question is simple: will buybacks absorb the selling pressure?
