RedMiddle,Prosperity

$SNDK ‌ Brothers, SNDK suddenly crashed, down over 9.22% in 24 hours, dropping all the way from highs to 1622! This crash directly linked to the bearish news of US semiconductor chips. As soon as Samsung released its earnings guidance, Micron and SanDisk all plunged in after-hours trading. The major players are using this opportunity to wash out weak hands, and smart money is shorting.
On-chain whales have already placed large short orders with 10x leverage on Aster DEX, making a killing, while the stubborn longs have suffered a floating loss of $5.24 million! The funding rate is still very high, and longs are getting beaten down.
In the short term, the floor support is at the intraday low of 1622. This level is very fragile; if broken, defense will be at 1600. The ceiling resistance is firmly at around 1752.

Hyperliquid (HYPE) Tests $70.73 as Regulatory Clarity and $800M Fee Model Fuel Top-10 Momentum
Current Price: $70.73 USD
24h Change: -2.32%
Market Cap: $15.45B – $17.6B, Rank 10
24h Volume: $367.1M – $563.5M
Technical Overview – July 6, 2026
HYPE trades at $70.73 after a 24h range of $69.49 – $71.97. The dip from $72 resistance reflects profit-taking, not a trend break.
Key Levels:
Support: $69.50, then $62 – $65 zone
0cf17b6d9204
Resistance: $71.97 24h high, $75.50 ATH, $77.80 pattern target
ATH: $73.72 on June 16, 2026
9204
7-Day Performance: +11.25%
7b6d
Open interest hit $2.57B, down 16% from 30-day highs, while funding stays neutral at 0.0071% daily.
Why HYPE Is Leading Today’s News Cycle
Regulatory Breakthrough: Perpetual futures products received U.S. approval, with HYPE listed alongside major assets for derivatives trading.
Revenue Buybacks: The protocol generated ∼$800M in 2025 fees. 97% of revenue is used to purchase HYPE on the open market.
0cf1
ETF Pipeline: A spot HYPE ETF application was filed May 22, with a regulatory decision pending.
Tokenomics: Circulating supply 222.45M HYPE of 955.31M total. The FDV of $66.35B means future unlocks can amplify volatility.
7b6d
On-Chain Risk
A wallet linked to the USDH deployer unstaked 1.01M HYPE worth ∼$72.45M and routed 200k HYPE (∼$15.07M) through intermediaries. This coincided with the protocol’s pause of USDH stablecoin operations, adding short-term supply overhang.
2026 Outlook
Models point to $71.64 for July 6, with $87.08 projected by 2030. Aggressive bull cases tied to derivatives market share growth target $150 by August if 3.96% more CEX volume migrates on-chain.
Bottom Line
HYPE holds $69.50 as regulatory tailwinds and fee-driven buybacks offset whale distribution. A volume-backed break above $71.97 reopens $77.80. Losing $65 risks $60.
This is not financial advice. Always do your own research.
#Hyperliquid #HYPE #DeFi #Derivatives #Web3 ‌ ‌