$68 HYPE, would you dare to add to your position?

BTC ETFs have seen a net outflow of $6.5 billion over 8 weeks, and ETH ETFs are also struggling. The market is filled with pain. But there is one token that has risen 11.5% in the past 7 days, with weekly net inflows into its ETF, and its protocol revenue just surpassed $1 billion — while the market bleeds, it silently absorbs.

First: This buyback mechanism is the most ruthless "money printer" in the entire market.

Hyperliquid takes 97%-99% of trading fees and directly buys HYPE on the open market to burn.

Cumulative buybacks have exceeded $1.1 billion, with over 44 million HYPE burned, accounting for 4.4% of the total supply.

Just on July 3, a single buyback of $283 million was executed — the largest in the industry since 2026.

The platform's cumulative protocol revenue surpassed $1 billion on June 30.

Second: On July 6, 452k HYPE were unlocked, worth approximately $32.4 million.

The market's biggest fear is "unlock dumping." What happened?

The price didn't crash.

Why? Because part of the unlocked tokens were re-staked instead of sold. And the size of this buyback fund is 4.6 times the amount of this unlock.

Bad news has been fully priced in, and the market didn't even flinch.

Third: Arthur Hayes is back.

In early June, he sold off his HYPE, triggering panic. But at the end of June, an address linked to him withdrew 44,156 HYPE from Gate, worth about $2.93 million.

When the big player sold, you panicked and cut losses. When he buys back, what are you doing?

On one hand:

Protocol revenue exceeds $1 billion, annualized revenue of $840 million

Cumulative buybacks exceed $1.1 billion, with about $2.57 million in daily buy orders supporting the price

ETF net inflows every week, institutions continuously adding positions

Market share of DEX perpetual contracts at approximately 68.4%

Analyst target price $95-$100, Arthur Hayes calls for $150

On the other hand:

Unlocks every month, continuing until 2027

Singapore's MAS has added it to a warning list

BTC is still oscillating at $63k, and the broader market could drag it down at any time

Key levels:

Resistance above: 73 → 76.7 (ATH) → 80-85 → 95-100

Support below: 68 (EMA50) → 65 (EMA200) → 60-62

Short-term traders:

Wait for a pullback to 68-69, buy in batches, stop loss at 65. First target 73-75, take half profit. If it breaks above 77 with volume, go long, stop loss at 74, target 85-95.

Swing traders:

Build positions in the 65-68 range, stop loss at 62. Target 85-100, add to position above 77. This is a very favorable risk-reward level.

Long-term believers:

Buy on dips, monthly purchases in the 65-70 range. Target 150-200. Betting on DeFi leader + buyback flywheel + continuous ETF inflows.

The broader market is fleeing with $6.5 billion in outflows, while HYPE's ETF sees weekly net inflows.

Who is selling and who is buying? Have you figured it out?

From dumping to buying back, Arthur Hayes took only 20 days.

From panic to missing out, it might take you just one night.

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