$61 HYPE, do you want to chase?

Institutional weekly buy-in of $74 million, Arthur Hayes deposited $6.33 million and called for a $150 target, options trading volume hit a new all-time high, 7-day K-line surged 45% with high volume breakout— but RSI has entered overbought territory, price is only 0.8% below ATH, profit-taking is all waiting above to unload. The more the platform makes money, the more valuable the token— this logic is real.

First look at the surface: volume and price rise together, momentum like a rainbow.

Up 45% in 7 days, nearly 12% in 24 hours, trading volume exploded to $900 million. Broke through the 60 integer level in one go, today’s large bullish candle with volume, EMA20/50/200 all trending upward, bullish structure intact, MACD golden cross strong, Bollinger Bands opening upward: main upward wave, has started.

First thing: the platform is destroying its own tokens with real money.

Hyperliquid takes 97% of trading fees to buy back and burn HYPE, which is the real income of $1.16 billion already burned. Circulating supply has decreased by 4.55% of total supply. This is a positive flywheel of "trading volume → fees → buyback → deflation → price increase," no other DeFi project has achieved this level.

Second thing: institutions and big players are betting with real money.

Bitwise, 21Shares, Grayscale’s HYPE-related products, have net inflows of over $74 million in one week. After Arthur Hayes publicly called for a $150 target, $6.33 million HYPE was directly transferred into exchanges. On-chain data shows Grayscale wallets continue to accumulate, with no signs of stopping.

Third thing: a dangerous technical signal appears.

HYPE current price is $61.8, ATH is $62.18— only 38 cents away. The 0.8% gap from the all-time high is the easiest point for those who bought at the bottom to let go. RSI has entered overbought zone, with no deep corrections during the 45% surge over 7 days, meaning all profit-taking is above, with no "turnover" of floating chips.

One side: institutions are pouring in madly, platform buyback flywheel is spinning, fundamentals are top-tier.

Other side: RSI overbought, ATH resistance, no washout in 7 days.

Key level: 54-55, the last bottom line for bulls and bears.

Short-term traders: wait for a pullback to 56-58 before entering, set stop-loss below 54.5, first target 70, second target 80.

Swing traders: wait for daily close above and confirmation of $62 ATH breakout, use dynamic take-profit to hold, target $100-$120, don’t get shaken out by oscillations along the way.

Long-term HYPE believers: start building positions and staking now, enjoy platform buyback dividends, target $150, but remember— if big Vips really start calling signals one day, don’t be greedy, cut 30-50%.

HYPE now is like SOL at the end of 2024—

99% of people think "it’s already risen too much, can’t catch up," but it went from $20 all the way to $260.

On the day it breaks through $62 ATH, you’ll realize: it’s not that HYPE isn’t good enough, it’s that you didn’t hold on. #TradFi交易分享挑战 #PlatinumCard作者专属 $BTC $SOL $HYPE