$HYPE is in focus because Hyperliquid Strategies, the biggest public HYPE treasury firm, just applied to become a US futures broker, which could open permissioned perps to American traders. HYPE dipped about 7% from near $82 to $76 and sits around $78, down about 13% on the week. 📉
I'm neutral for now. The access story is real, but their $620.6M quarterly profit is mostly paper gains on their own HYPE bag, and approval has no timeline.
Support for me is $76, where price bounced. Resistance is $82. If $76 holds and we reclaim $82, $85 is the next level I'd watch. If $76 breaks, that idea is off the table and $75 is next.
Does a US futures license really bring fresh volume, or is it already priced in? #HYPE #Hyperliquid #Binance
The pump is easy to see. The reason and the next move are not. Follow for both.
I'm neutral for now. The access story is real, but their $620.6M quarterly profit is mostly paper gains on their own HYPE bag, and approval has no timeline.
Support for me is $76, where price bounced. Resistance is $82. If $76 holds and we reclaim $82, $85 is the next level I'd watch. If $76 breaks, that idea is off the table and $75 is next.
Does a US futures license really bring fresh volume, or is it already priced in? #HYPE #Hyperliquid #Binance
The pump is easy to see. The reason and the next move are not. Follow for both.
