$68 HYPE, have you been shaken out?

First look at the surface: it rose too much, then a correction, panic.

On June 15th, it surged to an all-time high of 76.85, then a big red candle crashed down, now hovering around $68, with a maximum retracement of nearly 10%. In 7 days, it still gained 18%, monthly up 28%, more than doubled in a year—but retail investors only look at that red K-line yesterday.

First thing: you panic looking at the K-line, institutions are aggressively buying ETF

HYPE spot ETF demand remains strong, weekly trading volume approaching $900 million. Institutions like Bitwise continue to buy.

Early large holders like Arthur Hayes' sell-off has been fully absorbed. Who's buying now? Real institutions, not retail.

Second thing: a 10% correction called a “crash”? Retailers' memory lasts only 3 seconds

How many times has HYPE increased since last year's low? Several times over.

Fallen from 76 to 68, a 10% fluctuation, called “normal breathing” in crypto circles.

Look at the fundamentals:

Platform cumulative trading volume exceeds $4 trillion

Annualized fee income about $600 million, most used for buybacks and burns of HYPE

No VC, no pre-mining, purely community launched

Prediction market just launched, HyperEVM progressing, RWA and tokenized assets expanding

Third thing: technicals are fine, it’s your mentality that’s bad

Daily EMA/MA bullish alignment, RSI falling from overbought to above 50, MACD histogram converging but no death cross.

What’s the pattern? High-level flag consolidation. Break above 76, then retest to confirm support, volume shrinks, price stabilizes—typical accumulation structure.

Bull-bear duel, see for yourself

One side (the bears scaring you):

Too much rise, profit-taking coming

Double top at 76, technical top

Market BTC only 64k, can't drive it higher

The other side (the bullish truth):

ETF weekly volume of $900 million, institutions sweeping in

Platform annual revenue of $600 million for buybacks and burns, supply and demand extremely tight

SpaceX single event trading volume of $1.4 billion, explosive user growth

10% correction with decreasing volume, no one selling, obvious shakeout

From perp DEX to “on-chain financial infrastructure,” narrative upgrade

Key level at $68, only $6 away from the iron bottom at $62, only $9 from the previous high of $77.

Resistance above: 72 → 77 (ATH) → 83-90

Support below: 66 → 62 → 58 (the deeper down, the more golden pits)

Long-term spot traders:

Buy in batches at $66-68. Below $62, add positions blindly. Stop loss at $58. Targets: 77 → 83-90 → 100+.

Short-term swing:

Sell high and buy low in the 66-72 range. Break above 72 with volume, chase for 77. Drop below 64, exit first, wait for 62 to re-enter.

Risk control:

Total position no more than 25%

Leverage no more than 3-5x (preferably spot mainly)

Watch BTC trend, if $64k holds, HYPE is safe

Follow ETF inflow data and platform trading volume, more useful than watching K-lines

HYPE now is like 2024’s SOL—

Multiplied several times from the bottom, everyone thinks “it should fall,” but every correction is an entry opportunity.

The real big bull stock isn’t that it doesn’t correct, but that it hits new #我的Gate交易时刻 highs after every correction.