Divergence02CRYPTO2026-05-20

HYPE hits a 90-day high while Bitcoin lags by 48 percentage points over the same period

HYPE (Hyperliquid's governance token) closed at $47.73 on 18 May — its highest price in 90 days — while Bitcoin closed 6.4% below its own 90-day high.
Over the full 90-day window (17 Feb to 18 May), HYPE gained 61.8% (from $29.50) versus Bitcoin's 14.0% gain (from $67,504 to $76,953).
That 47.8-percentage-point gap is unusually wide for two assets that often rise and fall with the broader market together.

Supporting datasets

CoinDesk Indices: Single Tokens, Multi-Assets and Rates

Candlestick data for various CoinDesk indices

3 tables52.24 MB

May 30, 2026

Supporting queries

To surface this insight, Baselight ran 5 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.

Conclusion

HYPE: $29.50 (17 Feb) → $47.73 (18 May) = +61.8%. BTC: $67,504 → $76,953 = +14.0%. Divergence: 47.8 pp. HYPE 90-day high confirmed at $47.73; BTC is 6.37% below its 90-day high of $82,186. Queries: HYPE 90-day indexed return vs BTC (q41, q61, q62), BTC Feb 17 close (q67), 90-day high/low table (q5).