Altcoins are waking up while bitcoin is stuck. Hyperliquid's $HYPE hit a new all-time high above $62 yesterday, up nearly 20% in 24 hours, as traders bet on its new pre-IPO trading product ahead of the OpenAI, SpaceX, and Anthropic IPOs. NEAR is up over 20% today and 37% on the week, now trading above $2.15. Memecoins and DeFi tokens are the top gainers today, and the altcoin season index is back above 40 for the first time in weeks. Bitcoin, meanwhile, is stuck near $77,000, still 39% below its $126,000 all-time high since October 2025 and still can't break $82,000 after 7 tries this month. The rotation has started. #Bitcoin #HyperLiquid $HYPE