The Hyperliquid (HYPE) token has concluded a 62-day bullish run characterized by a well-defined ascending channel and consistent formation of higher lows. The breakdown was sharp and definitive, suggesting a potential power shift in market dynamics rather than typical sideways consolidation.
What happened after the second retest of $40 within a week?
Justin Bons, founder of Cyber Capital, Europe's oldest crypto fund, used X (formerly Twitter) to lay out a detailed defense of Hyperliquid (HYPE) as it competes with Solana (SOL).
CEO Mike Novogratz said Galaxy Digital's balance sheet suffered because crypto prices are down, yet Hyperliquid partially offset losses.
Hyperliquid (HYPE) is gaining renewed attention in the crypto market after posting a dramatic surge of over 100% in weekly futures performance. This spike signals a strong return of speculative interest, particularly in leveraged trading, while major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are struggling near key resistance levels.
Hyperliquid rose over 10% this week, reclaiming the $40 support level amid a surge in commodities futures trading on the platform. According to data from crypto.
Hyperliquid's $3.8 billion volume decline drives market slowdown, yet rising Open Interest signals cautious trader engagement.
A research report from Bitcoin Suisse underscores Hyperliquid's ascent as one of the key players in decentralized perpetual futures trading.
After an explosive recovery stage, HYPE's price action is clearly showing signs of exhaustion reflected in the volume, as Hyperliquid struggles to sustain momentum near the $41 level and has even been stalling for the last 4-5 days.
Hyperliquid's native token just posted an 80% gain over the past three months. Bitcoin managed 10% in that same stretch.
Hyperliquid brought in $153.8 million in fees, slightly lower this quarter but higher year-over-year, with nearly all revenue used for HYPE buybacks.
$HYPE breakout and whale activity drive market focus while AI shifts toward real-world performance