Hyperliquid's HYPE just hit a new all-time high of $64.24 yesterday — a 10% jump in 24 hours and roughly 130% above its April low near $28. The bull case is Arthur Hayes's very public $150 target by August, with bullish Twitter sentiment running almost 3:1 over bearish and on-chain perp volume holding strong. The bear case is just as loud. The short squeeze that kicked off the move has fully played out, and at $63 HYPE is priced for a lot of continued dominance in the on-chain perp space. The broader market — Bitcoin at $77.3K, ETH at $2,113 — is calm right now, which means HYPE is moving on its own story. That cuts both ways. Is HYPE at $63 building toward $150, or setting up for a pullback after the ATH? Just sharing my thoughts. Not financial advice. DYOR. #HYPEBullBearShowdown #OKXOrbit