BIT: HYPE has risen over 100% from its 2026 lows, primarily driven by trading in contracts for assets outside of crypto

Odaily Planet Daily reports that BIT released a daily chart stating that since the Iran conflict broke out, HYPE has been one of the strongest-performing tokens. The driver behind its rise is the platform's expansion beyond crypto assets into perpetual contracts linked to crude oil prices, and its recent listing of a SpaceX Pre-IPO perpetual contract.

This trend indicates that exchanges are increasingly launching products with high volatility, closely tied to market hotspots, and linked to traditional market benchmarks; rather than a pure "crypto narrative," the crypto infrastructure itself is becoming more important.

HYPE has risen over 100% from its 2026 lows, and the upward momentum remains strong. Notably, although high-conviction long positions around HYPE have become relatively crowded, its outperformance relative to Bitcoin is still very prominent.