$64 HYPE, do you dare to buy the dip?

BTC fell below $60K, the crypto market is bleeding—but HYPE spot ETFs are defying the trend, pulling in $170 million, and Multicoin just set a $319 price target.

HYPE dropped from its all-time high of $76.9 to $62.

A 22% retracement. Market cap evaporated by over $3 billion.

First thing: BTC is bleeding, HYPE is absorbing capital

On June 26, Bitcoin fell below $60k, dropping nearly 3% in 24 hours.

Bitcoin spot ETFs are experiencing the largest monthly capital outflow in history—$6.4 billion net outflow in the past 30 days.

The Fear & Greed Index fell to 13, extreme fear.

But HYPE ETFs?

Since their launch in mid-May, three HYPE spot ETFs—21Shares' THYP, Bitwise's BHYP, and Grayscale's HYPG—have accumulated net inflows of over $178 million.

16 consecutive trading days of net inflows, with only one day of small redemptions.

Second thing: Multicoin calls for $319, and they're already on board

On June 26, Multicoin released a blockbuster report.

The core argument boils down to one sentence:

The market is severely underestimating HYPE.

Multicoin estimates that by 2028, Hyperliquid's annualized profit could reach approximately $8 billion. At a 20x P/E ratio, that corresponds to a HYPE price of about $319.

Third thing: Annualized $1 billion in fees, 97% used for buybacks

Hyperliquid has its own L1 blockchain, optimized for perpetual contracts. It's the true revenue king in the DeFi derivatives space.

Annualized fee revenue is about $1.06 billion.

Protocol revenue in Q1 2026 was $176 million.

97% to 99% of each transaction fee on the platform is automatically executed by on-chain logic to buy back HYPE from the open market.

As of May 2026, the assistance fund has spent over $1.3 billion in total to buy back HYPE, holding approximately 28.5 million tokens.

Fourth thing: But there's a bomb—countdown to July 6

First the good news: The monthly unlock on June 6 saw the team unlock only about $38 million, far less than the market's feared $680 million. The market held up.

But July 6 is different.

That day is the largest single event on the HYPE token unlock calendar—token releases for core contributors, worth approximately $548 million to $676 million.

At the current price, this selling pressure is equivalent to more than 10% of the current circulating supply.

Technical analysis:

Daily/4H level:

Price retraced about 22% from the ATH of $76.9, currently consolidating in the $62-64 range

50-day moving average at $54.7, 200-day moving average at $37.7, golden cross pattern still intact

A double top pattern on the daily chart, neckline around $55

MACD has turned negative, bears in control short-term

RSI around 65, neutral-bullish, not overbought

Key levels:

Strong support: $60 (psychological level + EMA confluence) → $55-58 → $54 (0.382 Fibonacci, iron floor zone)

Resistance: $70-72 (first barrier) → $75-77 (ATH) → $80-100

For those already holding:

Don't cut losses at $62. But if it bounces to $70-72 with obvious volume decline, reduce half. Set stop loss below $55.

For those with no position looking to buy the dip:

Scale in. Enter 30% near $62. If it drops to $58-60, add 30%. If it falls to $54-55, add another 40%. Set stop loss uniformly below $52. Target first $70-72, then if broken, $80-100.

For those looking to short:

If it bounces to $70-72 with volume declining, short with light position. Target $62→$58. Stop loss above $75.

Position sizing:

Single position no more than 5-8% of total capital.

HYPE has extremely high volatility; a 22% retracement can happen in a flash.

Watch July 6: Volatility will be extreme around the unlock. If the price is already smashed to $54-55 before the unlock, it might be the final dip; if it's still above $65 before the unlock, beware of a "buy the rumor, sell the news" dump.

Can you buy HYPE at $64?

When it was $76, you shouted "HYPE to the moon,"

Now at $64, you ask "can I still buy?"

Are you really investing, or just chasing trends?

HYPE dropped from $76 to $64, a 22% decline.

But ETFs are defying the trend, pulling in $178 million.

Multicoin is heavily buying, calling for $319.

The protocol has $1 billion in annual revenue, 97% used for buybacks.

Every historic correction, someone says "this time is different."

But every time they say it, history repeats—

Only this time, you're no longer on board.

HYPE at $63—

Is it a game for the brave, or another graveyard for retail?

#0成本拿2股SK海力士 #美光市值超越Meta跻身全美前十 $BTC $ETH $HYPE