Why Are These Two Altcoins Pumping Against the Crypto Dump?

Crypto is in a rough patch. Sentiment is weak. Most charts point down. When Bitcoin drops, most altcoins follow without question. But this time, something has changed. Two altcoins are breaking from the trend. Aster and Hyperliquid refuse to follow. While Bitcoin slides, they show real strength. Moves like this are rare. They hint at deeper forces at work: new demand, fresh inflows, or shifts in user behavior. 

Today, I will look at what makes these two altcoins stand out. I will break down the data, the flows, and the structure behind their strength. By the end, you’ll see why these two altcoins are not just surviving the downturn. Instead, they are outperforming the biggest asset in the space.

What Is Happening With These Two Altcoins?

So, let’s start with some numbers on these two altcoins. Where does Bitcoin come from over the last 4 to 6 weeks? I will also give you the numbers on how $ASTER and $HYPE performed during the same time frame?

Here are the Bitcoin numbers. Over the last 6 weeks, $BTC is down by around 33%. It went from $125k to the current $84k. When I look at the 30 day and 14 days numbers, they are, respectively, 22% and 17.5% down. Today, $BTC is neutral. It’s going sideways.

Now let’s look at $ASTER first. It went from $2.06 to $1.19 over the last 6 weeks. So, yes, it slid together with Bitcoin. However, it changes when I look at the 30- and 14-day numbers. They are respectively 11.6% and 13.8% up. On the day, it’s 8.3% down. 

For Hyperliquid, we see something similar, although not as strong as with Aster. It was around $47 only 6 weeks ago. Now it’s $34. But, here also, the 30 day and 14-day numbers look different. $HYPE is down 1.8% over 30 days and 13.5% over 14 days. However, on the day, it’s down 12.5%. Everything is currently bleeding. Even Aster and Hyperliquid. 

Still, $HYPE has been outperforming Bitcoin since the last 30 days. $ASTER even shows a stronger case. Both tokens seem to go against the market. $ASTER is showing strong gains and $HYPE is keeping up. They both outperform Bitcoin and the rest of the altcoins. Check out Cody’s video from a few days on Hyperliquid. 

So, what is going on here? It’s time to take a closer look at this.

Why Are These Two Altcoins Breaking the Downwards Trend?

So, both offer derivatives/perps. This means that traders can use leverage. Aster offers up to 1001x leverage, in specific cases, and on Hyperliquid you can find up to 40x. But be very careful when using leverage. The profits are tempting, but you can also easily lose your money.

During a downward direction of the market, this can be one of the easiest ways to make money. After all, perp DEXes allow trading in both directions, long or short. This provides flexibility during a down-market. For instance, traders can hedge or short. So, let’s take a look at what both options mean.

Hedging

Goal: To reduce risk and protect against potential losses on an existing position.

Strategy: Take an offsetting position in a related asset. For example, if you hold $BTC, you could short a $BTC futures contract on a DEX.

Outcome: If the market falls, your long $BTC position loses value. However, your short futures contract gains value, offsetting the losses.

If the market rises, the gain on your $BTC position is offset by a loss on the short contract. However, the hedge still allows you to take part in the upside after covering the hedge cost.

You can compare it with buying insurance for your portfolio. It’s a defensive move to mitigate damage from an adverse market movement. So, here is the key. Once the market stabilizes, or you feel the risk is gone, you can close the hedge or the short position. After closing it, you get the full upside on your $BTC again. You temporarily sacrificed some upside to protect yourself while the market was uncertain.

Look at it this way. Holding $BTC is like owning a house.

• Your short futures hedge is like buying temporary insurance.
• If it “rains”, as in the market drops, the insurance pays you. 
• If it “doesn’t rain” or the market rises, the insurance cost slightly reduces your profit. However, you still fully benefit once the storm risk passes.

Shorting

Shorting or “going short” in this case means betting that the price of Bitcoin will go down.

In futures markets, you can profit when the price falls. Even if you don’t own the asset. You’re essentially taking the opposite side of someone who is long. Shorting is like putting on inverse exposure. 

If the market drops, you make money instead of losing it. That’s why it’s used in hedging. It balances your long position.

So, after October 10th, with its cascading liquidations, you would think that people had enough of using leverage. However, here you see how it can also work to your advantage. These options make trading perps interesting to traders. 

Even or especially during a downwards move of the market. However, let me warn you to only use leverage if you fully understand it. People are still being liquidated left and right. Nonetheless, it’s said that the most money is made during downwards moves.

So, this gives you a better view of why these two platforms are outperforming Bitcoin. Together with their respective altcoins.

What Else Is Cooking for Aster and Hyperliquid?

So, I just looked at the main reason why Aster and Hyperliquid outperform Bitcoin. Sure, you can find perp DEXes on each chain. However, there’s more to it. In the perps DEX market, these two are the top tier platforms. Here are a few more features that set them apart.

Hyperliquid has a strong buyback program. It recently bought $1.3 $HYPE back. There’s also the new BLP testnet launch. Most likely a Borrow Lending Pool testnet. Thus, opening new features. This will be a major infrastructure upgrade. There’s also speculation of airdrop season #2. As you may remember, airdrop #1 was a massive success. Some early users walked away with life changing money.

Like Hyperliquid, Aster has a new airdrop program. However, it’s already in stage 4. It also offers a $10 million trading competition. Aster calls this the Double Harvest. It started on November 17th and lasts for 5 weeks. This should speed up ecosystem activity. Aster offers leveraged perps, spot and order-book trading, and its own Layer 1 is coming up. It also has a buyback program. To date, it bought back $214 million $ASTER.

So, you see, both are working hard to set themselves apart. There are various reasons why these two perp DEXes are outperforming $BTC. $ASTER and $HYPE are two strong altcoins to have in your portfolio right now.

Are you using any of these two platforms? Or any other perp platforms? Let me know in the comments and make sure to drop by our X and Discord channels.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

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