$60 worth of HYPE—are you brave enough to buy the dip?

First, look at the surface: it fell from 76.87 to 60, down 22%.

24-hour trading volume is $433 million—selling is on heavier volume, a volume-backed decline. 60 is the psychological level; once it breaks, it could go to 55. If support holds, the question is whether you can withstand it.

First thing: this buyback mechanism is the most vicious “money-printing machine” in the whole market.

Hyperliquid takes 97%-99% of trading fees, uses them to buy HYPE on the open market, and then burns them.

Cumulative buybacks have exceeded $1.1 billion, with more than 44 million HYPE burned—accounting for 4.4% of the total supply. Just on July 3, it executed a single buyback of $283 million—the largest in the industry since 2026.

Platform cumulative protocol revenue broke $1 billion by June 30.

Other projects pull volume by talking big; HYPE pulls with real buy-side demand—actual cash.

Second thing: ETFs are seeing sustained inflows, while the broader market is bleeding—it’s basically “drinking up” the bleeding.

BTC ETF net outflows totaled $6.5 billion over 8 weeks, and ETH ETFs are also bleeding—but since the HYPE spot ETF launched in June, it has already recorded $300 million in net inflows.

Just last week (July 6-10), the HYPE spot ETF recorded another $10.36 million in net inflows. Bitwise’s BHYP led with $8.97 million, bringing total assets to $133 million.

In just two days, institutions added another $12.75 million in ETF positions.

Third thing: unlock sell-pressure? The market didn’t even raise an eyebrow.

On July 6, HYPE unlocked 452,000 tokens, worth about $32.4 million.

The market’s biggest fear is an “unlock sell-off”—so what happened?

The price didn’t crash.

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

Fourth thing: Arthur Hayes is back.

In early June, he cleared out HYPE, and the market was in panic.

Then by late June, addresses associated with him pulled another 44,156 HYPE from Gate, worth about $2.93 million.

Longs vs shorts—you decide.

One side is:

Cumulative buybacks exceed $1.1 billion, supporting with 2.57 million buys per day

Protocol revenue over $1 billion, annualized $840 million

ETF cumulative net inflows of $300 million, with net inflows every week

Arthur Hayes calls for an August target of $150

Analyst targets: $95-$100

The other side is:

It dropped from 76.87 to 60, down 22%

Unlocks every month, continuing through 2027

Singapore’s MAS has added it to the warning list

BTC is still ranging around 63k, and the broader market is dragging at any time

Key levels

Resistance above: 68 (EMA50) → 73 → 76.87 (ATH) → 85-95

Support below: 60 (psychological level) → 55 (May low) → 53-54 (range bottom)

For short-term traders:

Wait for a pullback to 60 to confirm support, enter with a small position, and place a stop-loss at 55. First target: 68-70—sell half there. If there’s a volume-backed breakout above 77, chase the long; stop-loss at 74, then aim for 85-95.

For swing traders:

Build positions in batches in the 60-65 range, stop-loss at 55. Targets: 85-100; add more if it breaks above 77.

For long-term believers:

DCA on dips below 60. Betting on the DeFi leader + the buyback flywheel + continued ETF inflows. Target: $150-$200.

But remember—

Risk no more than 5% of your total funds per single trade

Leverage no more than 3x

If it breaks below 55, you leave unconditionally

With $6.5 billion fleeing for safety, HYPE’s ETF keeps seeing net inflows week after week.

Who’s selling, who’s buying—you need to think it through.

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

From panic to missing the move, you might only need one night. #PreIPOs第二期OpenAI认购 #GateDEX全面接入RobinhoodChain #夏日创作营 $BTC $ETH $HYPE