Traders are watching support near $1.40 as repeated failures below $1.60 reinforce broader downtrend. 

Despite stabilizing spot prices, investors remain defensive, with leveraged speculation cooling and realized volatility dropping from 80 to 50, suggesting a cautious market sentiment. 

A wave of crypto job cuts in early 2026 exposes the gap between two convenient narratives: macro headwinds and AI transformation. 

The Hyperliquid network has seen significant growth, with weekly derivatives trading volume exceeding $50 billion and 24-hour fee revenue of $1.6 million. 

The real institutional prize isn’t about tokenized assets. It’s about programmable yield.