$57.75 HYPE, are you in or out?

Grayscale bought $25 million worth of HYPE in two weeks, Bitwise ETF net inflow nearly $50 million, surged 48% in 7 days, today a big bullish candle from 49 to 58—just now, only $1.5 away from the all-time high of 59.4. Institutions are calling it "seriously undervalued," on-chain data is exploding, is this the rise of a new king or just the last frenzy?

First look at the surface: counter-market surge, the strong get stronger.

Today the overall market pulled back 4.8%, BTC hovered around 77k, ETH slightly up 1%, while HYPE jumped 16%, up 48% in 7 days, doubling this year so far. Market cap hit $14.6 billion, ranked top 11. Continuous 5 bullish candles, today volume broke out of consolidation, MACD golden cross, RSI in a strong zone.

First thing: institutions are buying with real money.

Grayscale bought $25 million of HYPE in the past two weeks, Bitwise ETF net inflow $47.8 million, some fees directly used for HYPE buybacks and staking. Rumors of spot HYPE ETF application are spreading wildly in the community.

Second thing: Hyperliquid is no longer just a DEX.

RWA perpetual contract holdings surpassed $2.6 billion, monthly trading volume over $170 billion. Non-crypto assets—S&P 500, SpaceX pre-IPO, commodity futures—already account for nearly half of the trading volume.

It’s eating into traditional finance’s cake. Platform fees—99%—are used to buy back and burn HYPE, revenue surging creates structural buy pressure. Bitwise CIO publicly states “HYPE is seriously undervalued,” strategic investment from a16z affiliates.

Third thing: a technical signal that must be watched carefully.

Up 48% in 7 days, today alone up 16%, just $1.5 away from the all-time high of 59.4.

Volume has increased, but short-term profit-taking has already accumulated too much. From 49 to 58, almost no decent pullback. If the breakout fails, a pullback to 52 or even 50 is quite possible.

On one side:

- Grayscale, Bitwise are investing real money

- Platform revenue surging, buybacks and burns creating continuous buy pressure

- RWA holdings hitting new highs, monthly volume over 170 billion

- Only $1.5 away from ATH, breakout highly probable

On the other side:

- 48% rise in 7 days, huge short-term profit-taking

- FDV reaching $55 billion, unlocking pressure persists long-term

- If BTC drops below 76k, high-beta HYPE will be hit hardest

- Near 59.4, intense battles will occur

Key level: $57.75, just one breath away from the previous high.

Resistance above: 59.4 (ATH) → 65 → 70-80

Support below: 52-50 → 48 (strong support) → 45 (weekly bottom line)

Short-term traders:

Wait for a pullback to 52-54 to enter, stop-loss at 48.5, first target 59-65. If it breaks 59.4 with volume and stabilizes, chase, stop at 57, target 65-70.

Swing/long-term players:

Build positions gradually at current levels, or accumulate heavily near 50. Target 80-100, betting on continued institutional allocation + RWA explosion. Keep position size within 30% of total funds, reserve bullets for pullbacks.

HYPE now is like SOL in 2021—

90% of people thought “it’s risen too much, I dare not buy,” but it went from $10 all the way to $200.

It’s not about whether it can rise, but whether you dare to hold at $57. #TradFi交易分享挑战 #灰度购入超51万HYPE并质押 $BTC $ETH $HYPE