Bitcoin Cycle Points to Accumulation Zone, Hyperliquid Shines

Dan Fuentes, a financial analyst and content creator, has shared an analysis combining Bitcoin's historical cycles with a fundamental evaluation of Hyperliquid, a protocol that generates real revenue within the decentralized ecosystem.

According to Fuentes' thesis, the market could be approaching a relevant accumulation zone for Bitcoin, while Hyperliquid is emerging as one of the projects with the strongest current fundamentals due to its business model based on derivatives, trading volume, and value capture through its HYPE token.

The analysis suggests that previous cycles reveal a notable similarity in the amount of time required for Bitcoin to move from a market peak to a definitive bottom. Fuentes argues that October could become a relevant period to monitor for a possible market bottom formation, although this projection should be viewed as a statistical reference rather than a precise forecast.

Hyperliquid has positioned itself among the leading DeFi protocols in terms of revenue generation, supported by growing trading activity and strong demand for decentralized derivatives. The platform has accumulated hundreds of millions of dollars in fees, becoming one of the clearest examples of a blockchain application with a functioning business model.