The market closed, and I took a look at HYPE's performance. To be honest, I was a bit surprised.

The overall market is still in a state of extreme panic (fear and greed index is only 12), but HYPE surprisingly rose slightly by 1.04% today, closing at $41.58.
Although the increase isn't large, maintaining a green in this market sentiment is already not easy.
Today's movement was quite interesting; it briefly touched a low of $40.24 in the morning, and I was thinking about whether I should consider adding to my position at that time.
But then it started to gradually rebound in the afternoon, reaching a high of $41.91.
Overall fluctuation was $1.67, a 4.15% volatility, which is normal for HYPE.
What I paid the most attention to was the trading volume; a daily trading volume of 204 million USDT indicates that funds are still actively trading.
In such a panic market, HYPE can maintain this trading activity—either because funds are building positions at the bottom or because there’s some logic I haven't fully understood supporting it.
I was originally planning to stay on the sidelines today, but seeing that the BTC perpetual funding rate is -0.0002%, which is basically neutral, suggests there’s no obvious short-selling pressure in the futures market.
Plus, HYPE’s independent movement makes me a little hopeful for the next few days.
I will continue to observe tomorrow; if it can hold above $41.5, I might consider a light position to test the waters.