#我的Gate交易时刻

Today, HYPE broke below $53, dropping over 6% intraday. How to proceed next? Let’s discuss my view.

Since Arthur Hayes sold off and liquidated HYPE, the price has been declining from its peak near $75, until today when it broke below $53. Many long positions chasing the rally have been caught. Of course, there are also some factors influenced by the recent overall market downturn.

However, it’s still too early to say the HYPE story is over. According to SoSoValue data, yesterday (June 10, Eastern Time), the total net inflow into HYPE spot ETFs was $2.7761 million.

The HYPE spot ETF with the highest net inflow yesterday was Bitwise Hyperliquid ETF (BHYP), with a single-day net inflow of $1.8236 million. Its total net inflow has now reached $91.1115 million.

Next is Grayscale Hyperliquid Staking ETF (HYPG), with a single-day net inflow of $952.5k. Its total net inflow has reached $6.3252 million.

As of press time, the total net asset value of HYPE spot ETFs is $154 million, with a net asset ratio of 1.29%. The cumulative net inflow has reached $154 million.

It’s clear that many are still bottom-fishing, as the Hyperliquid narrative is still very grand. The belief that HYPE will eventually surpass SOL still has widespread supporters.

What’s the next step? For friends who are optimistic about the Hyperliquid narrative, consider gradually accumulating on dips. As for shorting HYPE, I remain very cautious. I don’t recommend opening short positions lightly. Look at SOL—if it suddenly surges to $200, short positions could be painful.

Of course, given the current strange market conditions, whether going long or short, the most crucial point is to manage your positions well. Don’t over-leverage, and avoid falling into a full decline trap. $HYPE