Is $ASTER the trigger behind $HYPE’s bear market? 👀

Looking at the chart, the timing is hard to ignore.

Right around $ASTER’s launch, $HYPE put in a clear macro top — and from there, the trend completely shifted.

Since that moment, HYPE has been locked in a strong bearish structure, printing lower highs and lower lows, with a drawdown of over -60% from the peak. What followed wasn’t just a pullback, but a full momentum unwind.

This doesn’t mean ASTER single-handedly caused the bear market — but it likely accelerated the top:

- Capital rotation into a new narrative

- Liquidity shifting away from $HYPE

- Late longs getting trapped at the highs

In crypto, new launches often mark the end of old trends.

And in this case, ASTER debut may have been the moment HYPE officially topped out.

ASTERBSC
ASTERUSDT
0.7238
+0.73%

HYPE
HYPEUSDT
25.44
+1.45%