• Hyperliquid Hits Peak FOMO: $HYPE rallied 121% off its September bottom and now trades at a 17-to-1 bullish-to-bearish comment ratio, an extreme that historically precedes tops.
• Bitcoin Sentiment Spikes on Clarity Act Optimism: The Senate Banking Committee’s 15-9 bipartisan vote sent BTC’s bullish ratio above 2.6 — only the second such reading all year — raising the risk of a buy-the-rumor, sell-the-news reversal.
• Retail Is Alone in the Bid: Wallets under 0.01 BTC have accumulated consistently for nearly a year, while wallets holding 10-10,000 BTC remain flat, leaving the rally without smart-money confirmation.

This week the Santiment team sat down with Nick from Equities Tracker to read the data behind a market that…