It has been a brutal week for crypto. Bitcoin closed 30 October at $77,160, down 0.8% on the day and more than 5% on the week, after the suspected $6.3 billion breach at Binance — the largest exchange hack on record — sent the whole market into a tailspin. The Crypto Fear & Greed Index sits at 30, firmly in “fear” territory, and total market value has slipped to about $2.61 trillion.
And yet, in the middle of all that red, three major altcoins are doing something remarkable: they are trading within 17% of their all-time highs. Hyperliquid’s HYPE, LEO Token (LEO) and WhiteBIT Coin (WBT) have barely flinched while the rest of the market fell. Technical analysis published by BeInCrypto on 31 October suggests at least one of them could set a new record this weekend. Here is what is going on with each — and why their resilience might be telling us something about where crypto’s strength actually lives right now.
The backdrop: a market running scared
First, some context on just how rough the week has been. Bitcoin traded in a $76,240–$78,576 range on 30 October and closed the day lower, while Ethereum ended at $2,241. Among the 50 largest assets, 31 rose and 12 fell on the day, but the week’s damage is clear: Bitcoin is now about 39% below its all-time high of $126,080, and one top-30 coin, TON, plunged 34% to $1.18.
Fear is understandable. Roughly $3 billion of the Binance haul has reportedly been frozen with help from stablecoin issuers, but around $3.3 billion remains unrecovered, and blockchain analysts at Chainalysis say the attackers have deployed new automated laundering tactics, cycling funds through thousands of transactions. Against that backdrop, any coin holding its ground deserves a closer look.
1. Hyperliquid (HYPE): the strongest of the three
HYPE has emerged as the standout performer of the selloff — and it has a genuine news catalyst behind it, not just chart patterns.
The token rallied after a deal between Intercontinental Exchange (ICE) — the company behind the New York Stock Exchange — and the firm operating perpetual futures markets on Hyperliquid. The agreement could bring regulated US trading activity onto the network, subject to approval. That is a big deal: a bridge between Wall Street infrastructure and a decentralised exchange.
At $90.66, HYPE sits just 7.4% below its September record of $97.99. It reclaimed the important $85.19 level on 29 October, accompanied by its highest trading volume since August — a sign that buyers, not just short-term traders, are stepping in.
BeInCrypto’s technical read is the most bullish of the three: a daily close above $93–$95 could push HYPE toward its $97.99 record and then to $104. That is an analyst’s technical target, not a guarantee — but the combination of a real Wall Street catalyst and strong volume makes HYPE the most credible record-chaser of the trio.
There is a wider lesson here, too. Yesterday’s post on this blog noted that decentralised exchanges could benefit as traders look for alternatives to centralised venues after the Binance breach. HYPE’s strength is that thesis playing out in real time.
2. LEO Token (LEO): a quiet breakout with one warning light
LEO, the utility token of the Bitfinex exchange ecosystem, has also resisted the broader weakness. Trading at $9.46, it is just 9.3% below its $10.43 record.
LEO broke out of a month-long trading range on 29 October after repeatedly finding support near $8.91 — the kind of slow, grinding base-building that technical analysts like to see. The immediate obstacle is resistance around $9.49–$9.60, where previous rallies have struggled. A breakout above $9.60 could, in BeInCrypto’s analysis, send LEO toward $9.80 and eventually its $10.43 all-time high.
One caution flag: LEO’s RSI — a momentum gauge — has surged to 80, its highest since April. Readings that high often mean a market is “overbought” and due a breather, even in a strong uptrend. So LEO’s path to a record may include a pause first.
Why is LEO holding up? Exchange tokens with real fee-discount utility and buyback mechanics tend to attract steadier holders than speculative coins, and Bitfinex’s long-established user base gives LEO a floor of demand that hype-driven tokens lack.
3. WhiteBIT Coin (WBT): the risky one
WBT is the cautionary tale of the trio. Trading at $73.76, it is 16.3% below its September record of $88 — still close, but unlike HYPE and LEO, its recent price action has been bearish. Selling volume has surged and its RSI has dropped toward 30, approaching oversold territory.
BeInCrypto is clear-eyed about it: no direct connection has been established between WBT’s selling pressure and the Binance attack, but the timing — heightened security fears around exchanges generally — hardly helps an exchange token. The key level to watch is the $73–$75 support zone. If buyers hold it, a recovery toward $86 is possible, with $88 the record to beat. If support fails, the analysis points to further losses toward $65.
WBT is a reminder that “near a record high” and “going to a record high” are very different things. Proximity to a high can mean strength — or it can mean a coin that has already started sliding from it.
What this actually tells us
First, utility is outperforming speculation. All three of these tokens are tied to working trading platforms — a decentralised exchange, a major exchange ecosystem, and a European exchange. In a week when trust in centralised exchanges took a hit, traders seem to be rewarding tokens connected to platforms with real usage and revenue, not just narratives.
Second, the market is differentiating, not just falling. A blanket selloff would drag everything down together. Instead, we are seeing sharp divergence: TON down 34% in a day while HYPE challenges its highs. That is a stock-picker’s market, and it rewards people who look at individual projects rather than the market as a whole.
Third, technical levels matter more in fearful markets. With sentiment at 30, traders are watching precise price zones — $85.19 for HYPE, $9.60 for LEO, $73–$75 for WBT — because in a nervous market, a break of support or resistance can trigger fast moves in either direction.
Elsewhere in crypto: India’s $585 million probe
One more story worth knowing this weekend: India’s Enforcement Directorate has named Binance and Bybit among the foreign platforms used in alleged unauthorised cross-border crypto transfers worth around $585 million (₹5,000 crore). The probe centres on RPFAS Technologies, which runs the Mudrex and Saber.money platforms, plus DeFi protocol Instadapp. Searches were carried out at four premises in Bengaluru and Madhya Pradesh on 27 October under the Foreign Exchange Management Act.
Important context: the agency makes no allegation against either exchange itself, and no arrests, charges or seizures have been announced. The alleged violations are civil matters under FEMA, not criminal findings. But the case is a reminder that regulators worldwide are tightening scrutiny of cross-border crypto flows — and that exchanges operating in big markets like India are firmly in the spotlight.
The bottom line
Bitcoin’s worst October in twelve years has not stopped every coin in its tracks. HYPE looks best placed to challenge its record, LEO needs to clear $9.60 resistance (and cool its overheated momentum), and WBT must first prove it can hold $73–$75 before any recovery talk makes sense.
None of these targets are predictions you should bet the house on — they are technical analysts’ readings of charts in a volatile, fearful market, and they can be wrong quickly. But the resilience itself is real data: even in crypto’s worst week in a long time, traders are still willing to pay near-record prices for tokens tied to platforms they actually use.
That, more than any single price target, is the story of this weekend.
This post is for information only and is not financial advice. Prices and technical levels are as reported by BeInCrypto, ChainCatcher, Basis Desk and other outlets on 31 October 2026 and will change. Cryptocurrency markets are volatile — do your own research before making investment decisions.
