Purple Bitcoin vs Hyperliquid

Purple Bitcoin (PBTC) and Hyperliquid (HYPE) compared side by side. Over the past 30 days, HYPE is ahead by 3.8 percentage points (PBTC -9.9% against HYPE -6.0%). Their daily returns move barely together (correlation 0.08 across 29 shared trading days). PBTC has been the more volatile of the two, at 134% annualised against HYPE's 82%.

Correlation: 0.08
Ahead over 30 days: HYPE

Purple BitcoinPBTC

$0.136929

24h: +2.32%
Market cap: —
Volume 24h: $21,880
Volatility (ann.): 134%

HyperliquidHYPE

$85.8000

24h: -0.76%
Market cap: $20.49B
Volume 24h: $1.35B
Volatility (ann.): 82%

PBTC 0.0%Share of the two combined market caps100.0% HYPE

Performance

PBTCHYPE

7 days-11.90%+4.65%HYPE
30 days-9.89%-6.04%HYPE

Correlation

0.08over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	PBTC	HYPE
Max drawdown (400d)	-25.9%	-18.9%
Risk-adjusted return (90d)	-0.07	0.58

Relative strength over 90 days: HYPE outperformed PBTC by 7.1% — measured on the PBTC/HYPE ratio, so it holds regardless of market direction.

Purple Bitcoin →Hyperliquid →