I believe main reason $HYPE is not trading near ATHs is due to the unlock overhang
Team signaling they intend to unlock just $4.7M a month is a total game changer and will take a stab to ATHs imho
This year we will have plenty of volatility and $HYPE is the perfect way to express that bet
Binance sentimient is the lowest I have ever seen and a potential take over during 2026 is the narrative to fuel the mother of all rallies
If we were to think of prices in terms of CEX mkt share takeovers:
HL > Bybit -> Hype above 60$
HL > Binance -> Hype above 100$
BTC PA obviously also important, but believe Hype will be one of those assets not THAT correlated
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