actually believe that more people are sidelined on this $HYPE move than prior uptrends this current uptrend ppl are scarred by crypto bear markets & by BTC & ETH showing weakness consistently, it would be very anomalous for a cryptocurrency to make new all time highs while everything else is in the gutters, so think a lot of people are waiting for bitcoin to put in a lower low to buy in size & don't think they've allocated aggressively during this move up believe that bottom was put in when hyperliquid stayed > $20 while bitcoin went to $60k from $80k, & that we've actually onboarded a lot more tradfi capital past few months who have seen the protocol's trading volumes of stocks and commodities keep increasing, while crypto regulatory environment continues to improve in Washington DC with Clarity Act progression people will chase buying spot if it holds > $50 & we will see price discovery at the same time as SpaceX IPO is happening IMO