$HYPE : Dip or Dead Cat? 🐱📉

Hyperliquid’s HYPE is sitting near $79 — down ~7% on the week and ~15% on the month, lagging BTC, ETH and SOL. Retail sees red. Institutions may see a window.

Why the bulls are watching:
👀 Grayscale’s HYPG fund quietly bought $7.8M of $HYPE in 20 days
🔥 Hyperliquid routes 97–99% of protocol fees into HYPE buybacks + burns — **$1.26B burned so far
🏛️ CFTC is working to bring Hyperliquid into the US compliantly
🏦 Ripple Prime now offers institutional access to 100+ Hyperliquid markets
🔒 New testnet rule requires 10 HYPE delegation for priority order handling

The chart map:
🟢 $77 = key weekly support. Lose it, and $74 → $69 opens up
🔴 $83.10 = first hurdle
🚀 $88–90 = buyers back in control
🎯 $92–95, then $97–100 = bigger resistance zones

The risks:
⚠️ Team unlock: 3.75M HYPE (~$340M) hit on Oct 6
⚠️ Weekly buyback burn cooled: ~155K HYPE vs ~287K prior week
⚠️ Bounce not confirmed — OI hasn’t fully flushed; a break under $75 weakens the structure

The setup: high-risk, high-reward tactical entry. Watch if $77 holds and whether HYPE can reclaim $83–85. That’s the tell.

NFA. DYOR.
$HYPE #Hyperliquid