$HYPE at $57, do you want to chase?

Bitwise and 21Shares' ETFs just launched, attracting nearly $70 million in funds, with a monthly trading volume exceeding $170 billion. 97% of the fees are used for buybacks and burns, pushing the price from $37 all the way up to a historic high of $63— but just now, RSI is high and flat, and the price has pulled back to $57.

First look at the surface: volume and price are rising together, unstoppable.

In the past week, it’s gained 25-30%, soaring from the April low of $37, breaking through the previous high of $59, and directly hitting a new all-time high of $63. Market cap has entered the top 15, with 24-hour trading volume remaining the leader on perp DEXs.

First thing: ETF launch attracts funds immediately, institutions are really putting in real money.

Bitwise’s BHYP and 21Shares’ THYP, just a few days after launch, have attracted nearly $70 million, with total assets exceeding $80 million.

Previously, buying HYPE required on-chain, cross-chain operations, and wallet management. Now, ETFs do it all with one click. Institutional entry means deeper liquidity, less selling pressure, and valuation models directly aligned with traditional finance.

Second thing: 97% of fees are used for buybacks and burns.

Hyperliquid’s monthly trading volume hits $170 billion, with 97% of platform fees directly used to buy HYPE and burn it. The larger the trading volume, the more buybacks, the less circulation, and the higher the price.

Isn’t this just a “positive feedback loop”? Similar to BNB back in the day— but BNB increased 1,000 times, and HYPE is just getting started.

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

RSI is high and flat, and the price has pulled back from $63 to $57. This isn’t a crash; it’s profit-taking. After a continuous surge of over 40%, a pullback is normal.

On one side:

- ETF just launched, institutional funds are beginning to flow in

- Monthly volume of $170 billion, with 97% fees used for buybacks and burns

- From $37 to $63, the trend is complete

- Market cap in the top 15, but still has room to double compared to industry leaders

On the other side:

- RSI is high and flat, short-term correction possible

- Macro interest rates are high, risk assets under pressure

- Profitable profit-taking, strong support at $55-$52 but also potential for dips

- $63 is a psychological top; breaking through requires new catalysts

Key level: $57, just $2 away from strong support at $52-$55.

Resistance above: $63 (previous high) → $65 → $70-80

Support below: $55 → $52 (strong support) → $48 (limit)

Short-term traders:

Wait for a pullback to $55-$57 to buy in, stop loss below $52, first target to take half at $63. After breaking $63, chase the rally, stop loss at $59, aiming for $65-$70.

Swing traders:

$52-$55 is the golden zone for adding positions. Use 20-30% of your capital, stop loss at $50, target $65-$80. With HYPE’s fundamentals and buyback model, holding for a month is better than messing around in other altcoins for half a year.

Long-term believers:

HYPE isn’t a meme; it’s a perp Layer 1 with real revenue. ETF just launched, institutional allocation is just beginning. Target at the end of 2026: $80-$100+, betting on the irreversible trend of “DEX derivatives leading and eating into CEX market share.” But *don’t allocate more than 20% of your total funds; high-beta assets can wipe you out with volatility.

HYPE now is like SOL in 2021—

99% of people thought “it’s risen too much, I dare not buy,” but when it went from $50 to $200, all you could do was say “I knew it.”

The day $63 breaks through, you’ll realize: it’s not that you can’t afford to buy, it’s that you’re afraid to hold.