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$HYPE is facing a very interesting test. Hyperliquid has reportedly spent ~99% of protocol revenue on HYPE buybacks. That’s a powerful demand mechanism. But buybacks don’t make a token immune to a risk-off market. If $HYPE holds $80 while BTC stays under pressure, that’s strength. If $80 breaks, the buyback story isn’t enough by itself. Price still decides. #HYPE #Crypto #Trading