A broad market sell-off has forced a rethink on several bullish altcoin calls. Sherpa, who had expressed optimism on HYPE Coin on January 18, later admitted he was wrong, saying he had read HYPE’s relative strength as a sign of better performance, only to see those coins fall sharply along with the rest of the market.
He said he would rather buy LIT during an upswing than try to catch a falling knife. That shift matters. It suggests he expects LIT to react faster if market conditions improve. The article notes that Bitcoin volatility could still push LIT to deeper lows, yet many analysts, Sherpa included, still expect a quick move higher, potentially reaching as much as half the height of the last major sell-off peak.
HYPE remains on watch in the next-generation DEX segment
HYPE and Aster are both positioned in the next-generation decentralized exchange, or DEX, sector, where competition has intensified after the arrival of LIT. Market sentiment has not helped. Even so, the article argues that the projects’ upside has not disappeared, pointing to their earlier ability to generate substantial profits.
For HYPE, the view is less about immediate recovery and more about price discovery at lower levels. The piece says the token may still see deeper lows, levels that could attract buyers looking for medium- to long-term returns. No precise target was offered, and that absence is notable on its own.
Bitcoin’s $90,000 level sets the tone for risk assets
Macro conditions and the relationship with traditional markets remain central. According to the article, Bitcoin had lagged stocks for months but has recently started regaining strength relative to the SPX. If fresh macro pressure does not push BTC below $90,000, the path toward $98,000 could reopen and help trigger a wider recovery across risk markets.
The setup is straightforward: hold above $90,000 first, then test $98,000. Bitcoin is still acting as the market’s anchor, and that direction continues to shape sentiment across large-cap and speculative crypto assets alike.
ETH chart signals and fund flows point the same way
Analyst Jelle shared a chart indicating that ETH may be set for a meaningful rebound. The article says ETH has broken its downtrend against BTC, which could mark the end of a prolonged phase of negative divergence. The technical discussion stays brief, but the message is clear: ETH’s relative structure has improved.
Fund flow data added support to that view. Crypto ETFs posted $2.17 billion in inflows for the week, their strongest weekly result since October. Demand for ETH and SOL also increased. At the same time, blockchain stocks drew $72.6 million in inflows, showing that institutional interest in crypto and crypto-linked equities has been moving in parallel. Upcoming data will show whether that short-term institutional trend is about to change.