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

Bitwise and 21Shares ETFs just launched and attracted nearly $70 million, with a monthly trading volume exceeding $170 billion. 97% of the fees are used for buyback and burn, pushing the price from $37 all the way to a record high of $63— but just now, RSI high-level dulling, the price retraced to $57.
First look at the surface: volume and price rise together, unstoppable momentum.
In the past week, it surged 25-30%, soaring from the April low of $37, breaking the previous high of $59, and directly hitting a new all-time high of $63. Market cap broke into the top 15, with 24-hour trading volume consistently leading the perp DEX rankings.
First thing: ETF launch attracts capital, institutional funds are rushing in with real money.
Bitwise’s BHYP and 21Shares’ THYP, just a few days after launch, attracted nearly $70 million, with total assets exceeding $80 million.
Previously, buying HYPE required on-chain, cross-chain, wallet setup; now, ETFs do it all with one click. Institutional entry means deeper liquidity, less selling pressure, and valuation systems directly aligned with traditional finance.
Second thing: 97% of fees are used for buyback and burn.
Hyperliquid’s monthly trading volume hits $170 billion, with 97% of platform fees directly used to buy HYPE and burn. The larger the trading volume, the more buybacks, the less circulation, and the higher the price.
Isn’t this 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 warrants caution.
RSI high-level dulling, price retraced 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 trading volume of $170 billion, 97% fees used for buyback and burn
- 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 high-level dulling, short-term may continue to retrace
- Macro interest rates 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 needs new catalysts
Key level: $57, only $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 retracement to $55-$57 before entering, stop loss below $52, first target at $63, take half profits. After breaking $63, chase longs, stop loss at $59, look for $65-$70.
Swing traders:
$52-$55 is the golden accumulation zone. Use 20-30% position, stop loss at $50, target $65-$80. HYPE’s fundamentals and buyback model, holding for a month, is better than struggling in other altcoins for half a year.
Long-term believers:
HYPE isn’t a meme; it’s a genuine revenue perp L1. ETF just launched, institutional allocation 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, you’ll realize: it’s not that you can’t buy, it’s that you’re afraid to hold.