#HYPEBullsVsBears HYPE spot ETF just posted a record $20.45M single-day net inflow. Cumulative: $95.36M 📈 Same day: address 0x3527 bought 40K HYPE. A new wallet pulled 501K HYPE (~$30.93M) from Coinbase Prime. Bitwise CIO confirmed 99% of Hyperliquid fee revenue goes to buybacks 💀 Bears didn't blink: Loracle's $143M short still holding. The dormant whale reopened a 2x short on 94,101 HYPE. Both sides are now fully open-handed on-chain 👀 Everything is transparent. Everyone can see everyone's position. Which means the question isn't just who's right — it's who gets "stared down" by the market first 🫠 If ETF inflows keep coming, shorts face forced deleveraging. If risk appetite drops, bulls are just as exposed. 99% of fees going to buybacks sounds great — until volume dries up. How structural is that support really? 🤔