Arthur Hayes: Perp DEX competition is intensifying, HYPE faces the risk of valuation multiple compression
ChainCatcher reported that BitMEX co-founder Arthur Hayes stated on social media that HYPE is facing the risk of valuation multiple compression. Annual revenue has almost returned to its historical peak, but the token price is much lower. In the increasingly competitive perpetual contract decentralized exchange (Perp DEX) environment, speculators are unwilling to pay excessive premiums for uncertain future income.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: Long-term holders collectively own 14.35 million BTC, accounting for approximately 68.3% of the total supply.
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MoreAnalysis: Bitcoin options with a notional value of approximately $23.8 billions will expire on December 26, potentially leading to concentrated liquidation and repricing of risk exposure at year-end.
Data: Long-term holders collectively own 14.35 million BTC, accounting for approximately 68.3% of the total supply.
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