$HYPE is up 10.7% on the week and still sitting near the bottom of its own daily range. that's the part i like.
Multicoin is out saying $319 by 2028. that's their prediction and they're the ones holding the bag, so i treat it as a flag planted, not a forecast. the more useful headline is Hayes warning that Wall Street wants Hyperliquid's perp crown.
i read that as a compliment. nobody hunts a business that isn't worth taking. and Hyperliquid has a head start that a bank desk can't copy by filing paperwork.
the smell: a fanbase this loud gets complacent about competition. if the big desks show up with real size, the perp share argument gets uncomfortable fast. that's the bear case, and i'm not ignoring it.
$HYPE trades at $86.38 right now, 24h range $85.31 to $89.12. if it holds $85.31, i think it retests $89.12 and the dip today was just shaking out late buyers. if it loses $85.31, i'm wrong on this and there's nothing to defend. anyone long into that level eats the loss with me.
holding $85.31 or losing it?
follow me for more calls like this.
Multicoin is out saying $319 by 2028. that's their prediction and they're the ones holding the bag, so i treat it as a flag planted, not a forecast. the more useful headline is Hayes warning that Wall Street wants Hyperliquid's perp crown.
i read that as a compliment. nobody hunts a business that isn't worth taking. and Hyperliquid has a head start that a bank desk can't copy by filing paperwork.
the smell: a fanbase this loud gets complacent about competition. if the big desks show up with real size, the perp share argument gets uncomfortable fast. that's the bear case, and i'm not ignoring it.
$HYPE trades at $86.38 right now, 24h range $85.31 to $89.12. if it holds $85.31, i think it retests $89.12 and the dip today was just shaking out late buyers. if it loses $85.31, i'm wrong on this and there's nothing to defend. anyone long into that level eats the loss with me.
holding $85.31 or losing it?
follow me for more calls like this.
