$HYPE Keep going long!

“The BTC OG insider whale” has just increased his HYPE holdings to 144,183 coins, worth $9.03 million. He has an unrealized loss of more than $1.8 million in total on his BTC long positions and ZEC short positions, yet he still adds to his HYPE position against the trend. This kind of top-tier old-money bet under heavy pressure is the strongest bullish signal. I went all-in and dumped the entire $850k long position!

1. Grayscale has submitted the third amended filing for the HYPE spot ETF to the SEC. It plans to be listed under the ticker GHYP. Bloomberg analysts say the product rollout is “getting closer and closer.” In the past week alone, the two HYPE spot ETFs have seen cumulative net inflows of nearly $75 million. Compliant capital is accelerating into the market, and the pace of institutional entry is even faster than that of the Bitcoin ETF in the past.
2. The Hyperliquid protocol has generated more than $1.16 billion in trading fees in total. Nearly all of them are used to buy back HYPE in the open market through the aid fund. The quarterly buyback size can reach hundreds of millions of dollars. 97% of platform revenue is used for permanent destruction, with a cumulative total of more than 45 million tokens burned. Continuous deflation driven by real income is far more solid than any narrative-based pump.
3. The biggest short seller, Loracle, holds roughly 1.8 million HYPE short positions. Its liquidation clearing price is about $69.90. Another whale, Evaded, has a liquidation clearing price on its short position of only $55.15. The current price of $62.66 is already pushing close to the first line of defense. Once it touches the liquidation line, a chain of liquidations will drive the price to skyrocket, and the shorts’ fuel will be completely drained.

I locked the entire $850k position, waiting for the ETF channel to open, for the protocol’s buybacks to drain the circulating supply, and for a three-wave stack of chain short liquidations to push HYPE to new highs!