HYPE drops 5% to $88.35, retreating 9.78% from all-time high
- —HYPE fell 4.98% to $88.35 in 24 hours, down 5.16% on the week
- —Long liquidations in BTC and ETH totaled $83.88 million, 82.6% were longs
- —Buyback funded by USDC treasury yield starts October 3, up to $160 million a year
- —RSI at 53.4 and price above the 200-day SMA of $58.96 keep the medium-term trend bullish
Why it matters: The October 3 buyback could cushion further drops, but HYPE remains exposed to macro shocks and BTC/ETH liquidation cascades.
Source: DiarioBitcoin