The author suggests that HYPE (likely Hyperliquid) is currently at price levels last seen when Bitcoin (BTC) was at $100,000, implying significant upside potential for HYPE if BTC recovers to that level again. The provided data shows HYPE at 39 when BTC is at $101,000, compared to HYPE at 37.5 when BTC was at $105,000, indicating a potential decoupling or undervaluation of HYPE relative to BTC's price.