Bitcoin Crashed 39% — But These 3 Coins Are Near All-Time Highs: HYPE, LEO and WBT Explained

Bitcoin is down 39% from its all-time high, the Fear and Greed Index reads 35 — solidly in "Fear" — and October just erased roughly $300 billion from the crypto market. Yet three coins are quietly refusing to join the sell-off: Hyperliquid's HYPE trades just 7.4% below its record, LEO Token sits 9.3% under its all-time high, and WhiteBIT Coin is within 16.3% of its peak. While Bitcoin, Ether, Solana, BNB and XRP all fell 4–8% in the week of the Binance hack, these three held their ground — and one of them just got a Wall Street-sized catalyst.

This is not a "buy these coins" list. It is a breakdown of why HYPE, LEO and WBT are defying a market-wide crash, what specific events are driving each one, the exact price levels that decide whether they print new all-time highs, and the risks that could unwind the whole story in a single session. If you are wondering whether anything in crypto is still working right now, the answer is: yes — but only in three very specific places, and for three very different reasons.

Why the crash makes these three coins stand out

Context matters. The $6.3 billion Binance hack on October 30 — described by Barron's as perhaps the largest hack in crypto history — knocked Bitcoin from around $80,000 to below $77,000 and triggered about $1.49 billion in leveraged liquidations. Ether fell to about $2,239, Solana to roughly $95.88, BNB to near $702 and XRP to about $1.25. Bitcoin now sits roughly 39% below its October 2025 all-time high of $126,080, and reclaiming it would require a gain of more than 56% from current levels.

Against that backdrop, a coin trading within 10% of its record is not normal. It means buyers are absorbing every wave of market-wide selling — either because a fresh catalyst is overwhelming the fear, or because the token's holders simply are not selling. HYPE, LEO and WBT each fit one of those explanations, and understanding which one applies to each coin is the difference between spotting strength and chasing a trap. For the full story of the hack that set this sell-off in motion, see our explainer on the $6.3 billion Binance hack and the Bitcoin crash to $76,400, and if you hold funds on any exchange, read whether you should move your crypto off exchanges now.

1. Hyperliquid (HYPE): the Wall Street deal that changed everything

HYPE is the standout of the three — and the only one with a genuinely new, market-moving catalyst. On October 29, Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, announced a definitive agreement with TradeXYZ to bring Hyperliquid-based perpetual futures markets to the United States under a regulated framework. ICE will operate the markets and build dedicated exchange and clearing infrastructure, TradeXYZ will design and implement the markets, and Hyperliquid's HIP-3 technology will supply the underlying infrastructure.

The market reaction was immediate. HYPE surged about 20% on the day of the announcement, spiked toward $95, and traded as high as roughly $96 — within a few dollars of its September 23 all-time high of $97.96. Even after the Binance hack dragged the rest of the market down, HYPE held near $90.66, just 7.4% below its record, with 24-hour trading volume above $2 billion — roughly triple the previous day's volume. Its market capitalization of around $21.7 billion ranks it roughly tenth among all cryptocurrencies.

Three things make the ICE deal more than a headline. First, it gives the world's largest decentralized perpetuals exchange a regulated onshore path into the United States, targeting retail traders with contracts on crypto, stocks, indices, commodities and foreign exchange. Second, billionaire investor Stanley Druckenmiller is separately investing in TradeXYZ, adding heavyweight credibility. Third, Hyperliquid's perps open interest sits near $5.87 billion, showing the venue itself — not just the token — is genuinely busy.

But the honest caveats matter. ICE is taking a minority stake in TradeXYZ, not buying HYPE tokens, and no launch date has been disclosed — everything remains subject to regulatory approval, including CFTC clearance. The deal is a venue story, not a token purchase, so no direct fee flow into HYPE burns has been announced. And a major supply event looms: a core-contributor unlock of 9,916,667 HYPE is scheduled for November 6, worth roughly $897 million at $90. That unlock is the single biggest near-term risk to the new-highs thesis, and it arrives within days of this article's publication.

Levels that decide it: HYPE reclaimed $85.19 on October 29 with its highest volume since August. A daily close above $93–$95 opens the path to the $97.99 record and then a $104 extension target. Losing $85.19 risks a retreat toward $75.14 — and a break of that level would confirm the breakout has failed.

2. LEO Token (LEO): the quiet exchange token nobody is selling

LEO Token is the least dramatic story of the three — and that is precisely the point. LEO trades at about $9.46, just 9.3% below its all-time high of $10.43, after breaking out of a month-long trading range on October 29, repeatedly finding support near $8.91. While the broader market sold off on the Binance hack, LEO barely flinched.

LEO is the utility token of the Bitfinex ecosystem, and its strength looks structural rather than event-driven: exchange tokens tend to hold up when their holders are long-term users rather than short-term speculators, and LEO's steady climb out of its range suggests accumulation rather than hype. Its Relative Strength Index has surged to 80 — its highest since April — which is both a sign of strength and a warning: readings that hot often precede at least a pause, even in strong uptrends.

Unlike HYPE, LEO has no single headline catalyst to point to. That makes it the hardest of the three to time, but also arguably the most interesting: a coin near its record without a news trigger is usually being bought by people who are not planning to sell it quickly. The risk is the mirror image — without a catalyst, there is no obvious reason for new buyers to rush in either, so LEO's path to a new high depends on the broader market stabilizing enough for its quiet strength to keep compounding.

Levels that decide it: The immediate obstacle is resistance around $9.49–$9.60, where previous rallies have stalled. A breakout above $9.60 targets $9.80 and then the $10.43 record. Support sits near $8.91; losing it would end the breakout story and likely drag LEO back into its old range.

3. WhiteBIT Coin (WBT): the riskiest of the three — and the one to watch closest

WhiteBIT Coin trades at about $73.76, roughly 16.3% below its September record of $88 — the furthest of the three from its high, and the one with the least margin for error. WBT is the native token of the WhiteBIT exchange, and like LEO it is an exchange token: its holders tend to be platform users, which can cushion selling during market-wide panics.

The case for WBT is simple: it is holding a key support zone while everything around it falls. The case against it is equally simple: exchange-security fears are running at their highest since the Binance attack, and any fresh exchange scare hits exchange tokens first. WBT's decline has no direct connection to the Binance hack, but sentiment does not always respect that distinction.

Levels that decide it: Holding the $73–$75 support zone keeps a recovery toward $86 — and then the $88 record — alive. A break below $70.48 would accelerate losses toward $65.08 and would mark WBT as the first of the three to fail. Of the three coins, WBT has the tightest invalidation level, which also makes it the cleanest to monitor: one daily close tells you whether the thesis is alive or dead.

The comparison: three coins, three different bets

The table exposes the real lesson: "near all-time highs" is not one trade, it is three. HYPE is a catalyst trade with a dated supply event. LEO is a momentum trade running hot. WBT is a support trade with a tight stop. Treating them as a single basket — "buy the strong coins" — ignores the different reasons each one is strong, and the different events that would prove each one wrong.

What most people get wrong about "crash-proof" coins

The most common mistake in a sell-off is assuming that relative strength equals safety. It does not. Coins near their highs in a crashing market are often there because their holders have not sold yet — not because they cannot fall. When Bitcoin fell below $77,000, put-option activity exploded: traders bought downside protection at $74,000–$78,000 strikes expiring within days and into mid-November, and one $20 million block of $78,000 puts traded within minutes of the first Binance outflows, before the news was even public. Big traders were hedging, not celebrating.

Second, strength during a hack-driven sell-off is often about what a coin is not: HYPE, LEO and WBT are not directly exposed to the Binance hack, and none of them is a memecoin or a leveraged product that gets force-sold in liquidations. Their holders are disproportionately exchange users and long-term stakers, not leveraged traders. That insulation helps — until the market's next leg down is driven by something broader, like equities: Nasdaq 100 futures slid another 2% on the same night as the hack after weak tech earnings, and Bitcoin has been trading in lockstep with risk assets for weeks.

Third, new highs require new buyers, not just patient holders. HYPE has the clearest path to fresh demand through the ICE deal; LEO and WBT need either a market-wide stabilization or their own catalysts. A coin can sit 7% below its record for months if nobody new shows up to push it over the line.

What happens next: the three dates that decide this story

Three near-term events will settle whether these coins print new highs or join the sell-off. The first is November 6, when roughly 9.9 million HYPE unlock for core contributors — the market will learn within a day whether that supply is absorbed or dumped. The second is the US midterm election on November 3, which our earlier analysis showed has historically whipsawed Bitcoin in both directions. The third is the steady drip of Binance hack details: around $3 billion of the stolen funds have reportedly already been frozen, and Standard Chartered has warned that weakness may persist until exchanges and protocols unfreeze the coins involved and the full picture emerges.

If HYPE absorbs its unlock and closes above $95, a new all-time high becomes the base case rather than the hope. If LEO clears $9.60 while Bitcoin stabilizes above $77,000, its quiet breakout becomes a confirmed uptrend. And if WBT holds $73–$75 through another week of hack headlines, it earns its place as the most resilient exchange token of the crash. If all three fail their levels, the message is equally clear: in this market, there is nowhere to hide, and cash — or patience — is the only crash-proof position.

How to think about this if you hold (or want) any of these coins

Start with position size, not price targets. Coins near all-time highs after a market-wide crash carry two-sided risk: a breakout can run fast, but a failed breakout can retrace just as fast, and the November 6 HYPE unlock is a known volatility event you can plan around rather than be surprised by. Never buy a coin solely because it is "holding up" — check why it is holding up, what would invalidate that reason, and how much you would lose if it breaks its key level.

Practical steps matter as much as charts. If you buy any token on an exchange, understand the custody trade-off: exchange tokens like LEO and WBT are tied to platforms, so your exposure is partly to the platform itself. Our guides to the best crypto wallets for beginners and how to buy Bitcoin as a beginner cover the self-custody basics, and our staking explainer covers how exchange and staking rewards actually work. And if you are asking the bigger question — whether crypto still makes sense after a 39% drawdown — our analysis of whether Bitcoin is a good investment in 2026 lays out both sides.

Frequently asked questions

Why are HYPE, LEO and WBT near all-time highs while Bitcoin crashed?

Each has its own reason. HYPE surged on the ICE / TradeXYZ deal to bring Hyperliquid perpetuals to regulated US markets. LEO broke out of a month-long range on steady accumulation. WBT is holding key support thanks to a loyal exchange-user holder base. None of the three is directly exposed to the Binance hack, which insulated them from the worst of the forced selling.

Is HYPE a good buy after the ICE deal?

HYPE has the strongest catalyst of the three, but it also has the clearest near-term risk: a ~9.9 million token unlock on November 6 worth roughly $897 million. A close above $93–$95 would confirm the breakout toward the $97.99 record; losing $85.19 would invalidate it. This article is not financial advice — size any position around those levels, not around the headline.

What is LEO Token and why is it so close to its record?

LEO is the utility token of the Bitfinex ecosystem. It broke out of a month-long range on October 29 and now trades about 9.3% below its $10.43 all-time high. Its RSI at 80 — the highest since April — signals strong momentum but also overheating, so a pause would not be surprising even if the uptrend continues.

What is WhiteBIT Coin (WBT)?

WBT is the native token of the WhiteBIT exchange. It trades near $73.76, about 16.3% below its September record of $88. Holding $73–$75 support keeps a recovery toward $86 alive; a break below $70.48 targets $65.08.

Does "near all-time high" mean these coins cannot crash?

No. Relative strength is not safety. In a broad sell-off, even strong coins can fall fast — especially around known events like the HYPE unlock or any fresh exchange-security scare. The key levels in this article are the invalidation points: if they break, the strength thesis is over.

Will Bitcoin recover to its $126,080 all-time high?

Reclaiming $126,080 from around $77,000 requires a gain of more than 56%. That is possible over time — Bitcoin has recovered from deeper drawdowns before — but near-term, traders are positioned defensively, with heavy put buying at $74,000–$78,000 strikes. Watch whether Bitcoin holds $77,000 and whether the Binance hack fallout clears before expecting a fast recovery.

Conclusion

October 2026 will be remembered as the month the "Uptober" rally died — $300 billion erased, Bitcoin 39% below its peak, and the largest exchange hack in history shaking confidence across the market. But buried inside that wreckage is a genuinely interesting signal: three coins refused to break. HYPE has a Wall Street deal and a dated supply test. LEO has a quiet breakout running hot. WBT has a support zone and almost no room for error. Whether any of them prints a new all-time high depends on levels, dates and events you can now name — the $93–$95 HYPE close, the $9.60 LEO breakout, the $73–$75 WBT floor, and the November 6 unlock. Watch those, not the noise, and you will know within days whether the crash has exceptions — or whether it eventually takes everything with it.

Sources: Cointelegraph's coverage of the HYPE surge after the ICE announcement, The Block's reporting on the ICE / TradeXYZ Hyperliquid deal, CryptoRank's analysis of HYPE, LEO and WBT near all-time highs, Barron's on the $6.3 billion Binance hack, and CoinDesk's account of trader positioning after the hack. This article is for informational purposes only and is not financial advice.