Hyperliquid SOLの‌価格HYPE

January turned out to be a devastating month for the cryptocurrency market, with its total capitalization plummeting to $2.7 trillion and losses of more than $350 billion. At the time of this writing, extreme fear has gripped the industry, with sentiment being at its lowest point in months. Bitcoin’s price closed a fourth consecutive monthly candle in red – something that hasn’t happened since the bear market in 2018. But as the popular investment saying goes, it’s best to buy when there’s blood on the streets. Now, there’s no telling that the market will bounce and that the worst is behind us, but if you were looking for a discount, well, it’s here. That said, let’s have a look at the top cryptocurrencies to put on your watchlist in February. Hyperliquid: Price Actually Goes… Up? Hyperliquid is a decentralized exchange that allows users to trade perpetual futures (and spot) of both cryptocurrencies and traditional assets. The latter happens through a protocol upgrade, largely known as HIP-3 (HIP meaning Hyperliquid Improvement Proposal), which went live a couple of months ago, but it seems to be picking up a lot of speed. The exchange’s native cryptocurrency, HYPE, is up a whopping 25% in a month, while almost everything else is trading in the red. And when I say almost everything else, HYPE is one of the two coins of the top 20 by market cap that are up on the monthly chart. It’s true that Hyperliquid has been in the spotlight for a while, but the protocol appears to be holding up well during periods of extreme market turmoil. HYPE’s price is fueled in part by the constant buying pressure on behalf of the protocol’s Assistance Fund, which automatically converts 99% of the fees generated by Hyperliquid into HYPE at prices from the open market. For reference, these fees haven’t dropped below $2 million per day on many occasions during the past year, while, at the same time, they go parabolic during times of market volatility. HYPE is one of the few protocols that are generating hundreds of millions in yearly revenue, and many in the industry view it as a product that has found a perfect market fit. Bitcoin: Time for a Recovery? As I mentione din the beginning, BTC’s price charted four consecutive negative monthly candle closes – something that we haven’t seen in roughly eight years. That’s a very long period in the crypto universe. Now, of course, past performance is never an indication of future returns, but it’s something to think about. Bitcoin’s price is currently trading below $80,000 – more than 40% from its all-time high. But it’s also true that the most recent drop wasn’t entirely isolated to crypto. The rally in precious metals like gold and silver came to an abrupt halt, with gold plummeting by more than 20% and silver by more than 50% off their values from just a few months ago. That’s not typical of traditional assets, even less so of gold, which is historically incredibly static in terms of price performance. Many analysts expect gold prices to recover, inevitably pulling silver with them, driven by geopolitical tensions and economic power plays by the US, EU, China, and others. If that happens, then perhaps crypto markets will also see a relief rally, with Bitcoin highly likely to take center stage as the leading asset. This inevitably brings us to… GOLD-Backed Coins Cryptocurrencies like PAX Gold (PAXG) and Tether Gold (XAUT) are digital representations of an ounce of gold and backed by its physical equivalent. If the past months have taught us something it’s that it’s a wild market for precious metals. Analysts are not writing off the rally, and many believe a bounce is coming. After all, not every week do we see a 20% decline in gold’s price. In addition, the international landscape remains as uncertain as ever. The US is about to enact a new Chairman of their Federal Reserve, their relationship with what used to be their biggest partner in the face of the EU is questionable, the war in Ukraine goes on, there’s tension in the Middle East, and Greenland’s fate remains unknown following conversations in Davos. While all of this should spell trouble for risk-on assets like stocks (and crypto), risk-off assets (like gold) should thrive. Those of you who are not keen on off-ramping can take a look at gold-backed cryptocurrencies as an alternative.

$HYPE recorded its strongest daily revenue performance since November, driven by the rollout of the HIP-3 proposal and a notable increase in trading activity. Daily revenue reached $296,000, the highest level seen this year, signaling a potential turning point for the platform. The uptick reflects higher trading volumes, improved liquidity, and strengthening sentiment as participants show renewed interest in HYPE amid broader growth in onchain derivatives.

📈 $HYPE / USDT Daily Update 📈 • Strong bounce from key support zone • Bullish structure forming on daily timeframe • Volume increase confirms buying interest • Holding above 30–31 ✅ 🎯 Upside targets: 36 → 40 → 44 ⚠️ A pullback is possible, but overall trend is Bulish 📈

$HYPE - Mcap 9.65B$ - 67%/ 89.6K votes Bullish SC02 M1 - pending Long order. Entry lies within LVN + is not affected by any weak zone, estimated stop-loss around 1.78%. The uptrend is in the 69th cycle, amplitude +8.14%. #TradingSetup #CryptoInsights

𝐂𝐫𝐲𝐩𝐭𝐨 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐓𝐨𝐝𝐚𝐲: 𝐖𝐞𝐞𝐤𝐞𝐧𝐝 𝐬𝐞𝐥𝐥-𝐨𝐟𝐟 𝐰𝐢𝐩𝐞𝐬 𝐨𝐮𝐭 $𝟐𝟗𝟎𝐁, 𝐁𝐓𝐂 𝐟𝐢𝐧𝐝𝐬 𝐢𝐭𝐬 𝐟𝐨𝐨𝐭𝐢𝐧𝐠 The crypto market had a brutal weekend. Low liquidity did what it usually does - moves got exaggerated, stops were hit fast, and leverage didn’t survive. By Saturday night, the market had lost around $290 billion in total cap, before prices finally started to stabilize. 🟠 Bitcoin ( $BTC ) Bitcoin slid hard over the weekend, dropping from the high $70Ks to a low near $74,700. That move happened fast and mostly in thin conditions. The important part: BTC found support at levels last seen between April and June last year - and since midnight UTC, it’s slightly green (~+1%). This looks less like panic dumping and more like a classic liquidity flush:  • Leverage got wiped  • Weak hands got shaken out  • Spot selling stayed relatively contained On CME, Bitcoin futures opened with a big gap lower - and those gaps often get filled. That keeps the $80K area very much on traders’ radar. 🟣 Ethereum ( $ETH ) Ethereum followed the same script. Price dipped to around $2,164, then bounced modestly. ETH took more damage on the derivatives side:  • Over $300M in ETH positions were liquidated  • Futures open interest dropped faster than BTC’s Right now, ETH traders seem to expect consolidation, not an immediate trend reversal - that’s why we’re seeing demand for neutral option structures instead of aggressive longs. 📊 What derivatives are telling us This sell-off was all about leverage getting cleaned out:  • Total futures OI: ~$108.9B → lowest since April  • Liquidations: $800M+ in 24h (mostly long positions)  • BTC & ETH OI fell, while some alts saw short interest build Options markets are clearly nervous:  • $75K BTC puts are now as popular as $100K calls  • Traders are hedging downside, not chasing upside 🧩 Altcoins: hit hard, unevenly Low-liquidity conditions crushed many alts:  • DASH: -25% in a week  • OP, $SUI , ETH, XTZ: all down 20%+ • WBT Coin: +5.9% - a good chance to buy a coin for future profit Not everything bled. 🟢 Outliers to watch  • HYPE: +40% over the week, +13% from weekend lows Driven by strong volume and interest tied to precious metals trading activity.  • JUP: +7.9% since midnight UTC after getting wrecked over the weekend 🧠 Big picture This didn’t feel like the start of a collapse. It felt like:  • Low liquidity  • Too much leverage  • A fast reset Now leverage is lower, fear is high, and price is stabilizing. That’s usually when the market stops falling fast - even if it doesn’t rally right away.