Hyperliquid price is crashing, and it might not have stopped yet. Hyperliquid is down over 56.5% in 90 days, falling from $58 to under $25 at the time of writing.
All this is happening while Hyperliquid DEX revenue is actually hitting highs during two of the worst months for crypto: October and November.
Every time HYPE’s price dumps, there is a lot of confusion about the point of buybacks.
It is like paying your friends to stand in line at your restaurant to create the illusion of demand. That is what Cryptorsy Ventures CEO Vlad Svitanko compares buybacks to.
He argues it is one of the dumbest things in crypto, burning millions just to satisfy ego instead of reinvesting the money to generate even more revenue.
He added that Hyperliquid makes more profit than banks, yet its token is still down on the yearly chart.
His points do make sense, but when you look at the bigger picture, HYPE remains one of the top 10 largest crypto coins in the world. It is down a lot from its all time high, yes, but as long as fundamentals keep improving, it remains a strong candidate to reclaim that level once the broader crypto market recovers.
Futures trading volume reached an all time high in 2025. Hyperliquid being a leader in this growing sector is making many investors see this dip as an opportunity.
HYPE price needs to break above the psychological resistance level at $30 to confirm any real breakout or bullish shift.
This long downtrend is not over yet, especially with the broader market looking “dead” like this. If price breaks below $22.5, HYPE could quickly move toward $20 and potentially find a bottom for accumulation there.
The Hyperliquid chart may be due for a short term bounce, as the RSI is sitting around 33, near oversold levels. However, if that bounce fails to turn into a sustained rally, it would only confirm that the downtrend is still intact.
Bitcoin Hyper is positioning itself as one of the few projects still attracting attention while the broader market bleeds.
Built as a Bitcoin-focused Layer 2, Bitcoin Hyper is designed to bring speed, low fees, and real on-chain utility to BTC without compromising its security.
Using a dedicated bridge, users can move BTC onto the Hyper network 1:1 and immediately access fast transactions, staking, DeFi tools, and yield opportunities that Bitcoin alone cannot offer.
While many altcoins are struggling to defend key levels, Bitcoin Hyper has already raised strong early interest, pulling in nearly $29.5M from investors looking for utility-driven exposure rather than hype-driven narratives.
The project currently offers staking yields around 39% APY, which has helped keep demand steady even during market weakness.
As liquidity thins across risk assets, Bitcoin Hyper is being viewed by some traders as a defensive growth play, combining Bitcoin’s dominance with an ecosystem built for speed, yield, and real usage. If capital rotates back into high-utility narratives, Hyper could be one of the first beneficiaries once market sentiment turns.
