This is the picture we've been waiting for on $HYPE Point of control at $82 has now lined up perfectly with the ascending support trendline, the volume shelf and the trend are holding as one. Every dip into this zone keeps getting bought. Price is getting batted down at the upper rail for now, but the positioning says up. Smart money's heavy long at $74M vs $15M, public figures long, whales long. The whole board's leaning the same way for once. With momentum and every cohort long, I think HYPE takes another crack at the all time high, or at least sweeps it. Hold this trendline and the path is up. Watch it play out on Nansen 👇

MiCA isn’t reducing leverage demand in Europe, it’s just forcing it to relocate. Traders don’t stop using leverage because of regulation, they route to wherever execution is still efficient. That’s the part people are underestimating. Hyperliquid already sitting at 9.4% of aggregate CEX open interest isn’t a narrative stat, it’s evidence that meaningful risk is already migrating on-chain. At that point, this stops being a demand question and becomes a venue competition problem. CEXs introduce more friction, while on chain perps remove it. Flow follows execution. I think people still treat Hyperliquid as an alternative infrastructure, but it’s increasingly looking like the primary liquidity sink for displaced leverage. In 2026, the real chart isn’t price, it’s OI share dominance.

Join us for another HL/MEDIA Space featuring the team behind BounceTech. I’ll be hosting alongside @demi_hl as we sit down with BounceTech co-founders @0XG_ETH and @Chase_Mew_ 📅 June 23 ⏰ 7:00 AM PT | 10:00 AM ET Set your reminders and bring your questions.