Bob Diamond, Hyperliquid Strategies chair and former CEO of Barclays Bank, on the price performance of the $HYPE token:"Over the last 7 days Bitcoin is down about 12%, Ethereum's down 20%, and HYPE, the native token is up 40%."

Bitcoin’s bear market is off to a weaker start than 2022. Since falling below the 365-day MA on Nov 12, 2025, $BTC is down 23% in 83 days, vs. just 6% over the same period in early 2022. Momentum is deteriorating faster this cycle.