The provided data highlights a significant performance divergence in 2026 year-to-date returns between Hyperliquid ($HYPE) and Bitcoin ($BTC). According to the chart, $HYPE has seen a substantial gain of 115.91%, while $BTC has declined by 13.32% over the same period. Despite this outperformance, sentiment from the quoted reply suggests a bearish outlook for the broader market if Bitcoin continues to drop.