Last night I saw HYPE's bulls still bottom fishing, but when I woke up this morning, I was immediately proven wrong.

At a price of $41.82, up 3.46% in 24 hours, but don't rush to FOMO.
This rebound peaked at just $41.91 before stalling, which looks like a dead cat bounce from a technical perspective.
The 210 million USDT trading volume is quite good, indicating some buying interest, but the fear and greed index is only 12, so the market is still extremely scared.
What really concerns me is this volatility range — an intraday swing of $1.67 has given many scalpers opportunities.
Yesterday’s low of $40.24 now looks like a decent entry point, but who knows if it will dip again?
From a funding perspective, the BTC perpetual funding rate is -0.0002%, basically neutral, with no extreme sentiment, which is a good sign for the overall crypto market.
However, for altcoins like HYPE in this environment, a 3% increase isn’t really anything special.
My current strategy is simple: don’t chase highs, wait for a pullback.
If it tests the $40 support again and holds, I might consider entering with a small position.
But in such a panic-driven environment, cash is king.
Smart money is watching, retail traders are still bottom fishing.
The market never lies — keep waiting for a better entry point.