one nasdaq name now sits on ~16% of circulating $HYPE
#HyperliquidStrategiesHolds38.52MillionHYPE
hyperliquid strategies just filed q3. most of the quarter was raise equity, buy hype, ending september with a bigger treasury and zero debt
bulls read that as a permanent bid under the coin while protocol buybacks keep feeding the loop. bears say a book that size is also one overhang, and the shares they sell to fund more buys can leak into $HYPE when the tape is soft vs $BTC
what i watch is the mid 70s on $HYPE . hold there while btc is quiet and the treasury bid is real work. slip with every dip and the market is still pricing float risk
does hype hold the mid 70s on the next $BTC dip, or does that bid stay quiet until volume is back ?
#HyperliquidStrategiesHolds38.52MillionHYPE
hyperliquid strategies just filed q3. most of the quarter was raise equity, buy hype, ending september with a bigger treasury and zero debt
bulls read that as a permanent bid under the coin while protocol buybacks keep feeding the loop. bears say a book that size is also one overhang, and the shares they sell to fund more buys can leak into $HYPE when the tape is soft vs $BTC
what i watch is the mid 70s on $HYPE . hold there while btc is quiet and the treasury bid is real work. slip with every dip and the market is still pricing float risk
does hype hold the mid 70s on the next $BTC dip, or does that bid stay quiet until volume is back ?
