$69 HYPE, are you still waiting for a pullback?

ICE CEO publicly said, “Hyperliquid trading volume is bigger than Nasdaq,” ETF has absorbed 1% of market cap in 10 days, Arthur Hayes called for $150—just now, HYPE broke through the previous high of $64, directly surged to $69, with trading volume skyrocketing 300%.

First look at the surface: all positive news triggered simultaneously, but many are still waiting for a “pullback to $60 before buying in.”

In the past week, HYPE has risen 25%, monthly increase of 60%, and year-to-date gain of 165%. After breaking the previous high of $64, it entered the price discovery phase, with a bullish pennant target directly aiming at $98.

The first thing: that statement from the ICE CEO is not casual talk.

“Hyperliquid’s daily trading volume has already surpassed Nasdaq.”

Think carefully. The CEO of NYSE’s parent company openly admits that a decentralized contract platform’s trading volume exceeds the second-largest securities exchange in the world. To put it plainly: ICE isn’t just researching, they’re preparing to enter.

The second thing: ETF buying pressure is stronger than you imagine.

HYPE spot ETF has been launched for only 10 trading days, and has absorbed 1.04% of market cap.

ETF is buying steadily on the open market every day, while HYPE’s circulating supply is still being repurchased and destroyed. Supply is shrinking, demand is increasing, no wonder the price isn’t rising.

The third thing: you haven’t understood HYPE’s deflationary flywheel.

Many tokens talk about “deflation,” just shouting about token burns. HYPE is different:

For every $1 in fees collected on the platform, 97 to 99 cents go directly into a fund, which automatically repurchases HYPE from the market and destroys it.

So far, $1.16 billion worth of HYPE has been repurchased and destroyed.

As long as Hyperliquid remains the king of perpetual contracts, this flywheel won’t stop.

Long and short battles, see for yourself.

One side is:

- ICE CEO’s statement, a signal of traditional finance entering

- ETF absorbing 1% of market cap in 10 days, institutional buying

- $1.16 billion repurchased and destroyed, real buying pressure

- Broke through the previous high of $64, entering price discovery

- Target of $98-100, with 40% room to grow

The other side is:

- Rapid short-term rise, profit-taking could come anytime

- RSI high, possible pullback to 65-66

- Macro environment is average, BTC still hovering around $74k

- If BTC crashes sharply, HYPE will follow

Key level at $69, just 6 dollars away from the next resistance at $75.

Resistance above: $75 → $80-85 → $98-100

Support below: $65 (breakout point) → $62 (stop-loss line)

Short-term traders:

Wait for a pullback to 65-66 to enter in batches, stop-loss at 62.5. Take half profits at $80, 30% at $98, keep 20% for a potential run to $150.

Swing traders:

Those already in should hold steady, don’t get shaken out. Those not in yet, $65-66 is your last chance. Stop-loss at 62.5, target $98-100. Break $100 with dynamic take-profit, keep some for the main rally.

Long-term believers:

Invest blindly in the $60-65 zone. Year-end target of $150-200, betting on continuous growth of DeFi perpetual markets + ETF capital inflows. *As long as the buyback mechanism holds, every pullback is a chance to add.*

HYPE now is like SOL in 2023—

99% of people think “it’s risen too much, I dare not buy,” but it went straight from 20 to 200. #成长值抽奖赢金条 #WTI原油失守90美元 $BTC $ETH $HYPE