$62 HYPE, have you been shaken out?

First look at the surface: it’s fallen, but not collapsed.

In the past 24 hours, down 3.5%-5%, a nearly 20% pullback from the 76.9 all-time high. But the monthly line is still up 8%, 6 months up 150%, annual increase 205%. Market cap is $16 billion, ranked 9th in the entire market. Starting from the $20-30 bottom, it’s been making higher highs and higher lows. Now it’s just taking a breather after a big run.

First thing: it’s not an air coin, it has a “money printer”

What’s the biggest difference between HYPE and other altcoins?

99% of transaction fees are used for buybacks and burns, totaling $1.2 billion in buybacks over 12 months, with 41 million tokens burned. Platform annualized fee income is $1.06 billion. Daily buybacks average about $1 million, with a peak of $3.97 million in a single day.

The more the platform earns, the more it buys back

The more it buys back, the less circulating supply

The less circulating supply, the more solid the price

Second thing: ETF inflows defy the trend, institutions are voting with their feet

Bitcoin ETFs are flowing out, Ethereum ETFs are bleeding — but HYPE spot ETF has been live for a month, with a net inflow of $184 million. The three ETFs combined traded nearly $900 million in the first month.

Bitwise just on June 16 increased holdings by $5.18 million, adding 77,097 HYPE tokens. Publicly held by Goldman Sachs.

Third thing: whales are fighting, but the direction is clear

Data from Coinglass shows that Hyperliquid whales currently hold $4.28 billion, with a long-short ratio of 0.99, almost evenly split. Long positions are floating at a loss of $165 million, short positions have made $76.9 million.

But here’s a detail: a whale sold all 3,065 ETH two weeks ago at a loss of $380k, and in the past two days bought 100,392 HYPE tokens for $6.69 million. Now holding 497k HYPE, with an unrealized profit of $8 million.

The biggest shock: unlock of $676 million on July 6

On July 6, about 380k HYPE tokens will unlock, worth approximately $678 million. This is the largest single unlock event in HYPE’s history.

Unlocks are for core contributors, released on the 6th of each month, continuing until 2027.

Bull vs. bear, see for yourself

One side (bull reasons):

99% of fees used for buybacks and burns, annualized buyback of $770 million

Inflow of $184 million in the first month of ETF launch, institutions are increasing their positions against the trend

Whale sold ETH to buy HYPE, unrealized profit of $8 million

Platform’s monthly trading volume exceeds 170 billion, annual revenue $1.06 billion

From $20 to $76, the big trend remains intact

Other side (bear reasons):

$676 million unlock on July 6, supply shock

Whale with $110 million short position suppressing price, average price $64

BTC dropped below $63,000, market unstable

FDV close to $70 billion, valuation not cheap

Key levels

Resistance above: 68-70 (short-term rebound target) → 76-77 (ATH, only break through can call for 80+)

Support below: 60-62 (EMA20/50 + psychological level) → 54 (0.382 Fibonacci strong support)

Spot traders:

Buy the dip in stages at 60-62.5 (3-5 times). First target 68-70 (reduce 30-40%), second target 75-80. Stop loss: exit if it effectively drops below 58. Keep position size under 20% of total funds.

Futures traders:

After confirming rebound signals at 60-62, go long with low leverage (3-5x). Stop loss at 58-59. Take profit in stages at 65/70/75.

Long-term believers:

Invest blindly below 60. Basically, driven by fundamentals + buybacks + ETF narratives, HYPE still has big room to grow by 2026.

HYPE now is like SOL in 2021—

Everyone was asking “Can it still be bought after such a rise,” and it went from 30 to 200.

Assets with real income + genuine burns + institutional backing, every correction is a buying opportunity.

Not buying at $60, chasing at $76?

It’s not that HYPE isn’t good, it’s that you’re always FOMO at the top and selling at the bottom. #0成本拿2股SK海力士 #Gate股票7x24小时交易 $BTC $ETH $HYPE