Aster's strategic USD1 partnership could shift power in dex perpetuals and cement a foothold in real-world asset.
HYPE holds bullish structure, but whale selling and weakening funding raise caution near resistance.
Hyperliquids HYPE token appears to be entering a new growth phase after enduring an extended period of decline. Having bounced back strongly from the $25$28 support zone, HYPE is now trading around $37, carving out a pattern of higher lows and higher highs a textbook signal that market structure has shifted from bearish to bullish.
A trader lost $99.1 million on Hyperliquid by shorting Bitcoin after a 3.62% rebound in 24 hours. His portfolio, which originally exceeded $100 million, was reduced to just $900 after BTC climbed from $66,669 to $69,527. Long-term logarithmic regression models project that Bitcoin could reach $400,000, though its current momentum remains weak.
HIP-3 open interest hit a record $2.3 billion, extending weekly highs and showing Hyperliquid's real-world asset markets are becoming central to platform activity. Oil remains key, with Brent above $576 million and WTI at $561.30 million, but equities have climbed quickly and added $500 million.
Hyperliquid price is gaining traction with the broader crypto market rally, rising nearly 4% today while holding firm after a breakout retest. HYPE price is consolidating just below the $45 resistance zone, with no clear rejection, suggesting buyers are absorbing supply and maintaining control.
Hyperliquid noted peak open interest on HIP-3, as RWA contracts take a bigger share of perpetual futures trading.
A Hyperliquid whale sold their entire holdings, dumping all 450,000 HYPE for $15.012 million.
A whale on the Hyperliquid exchange, James Wynn, has been wiped out of $99.1 million for betting against Bitcoin (BTC). Crypto intelligence platform Arkham highlighted the development in a recent update after the leading cryptocurrency registered an uptick in the market.
Hyperliquid is out-earning many legacy chains as perpetuals trading drives stronger fee capture, highlighting a shift toward high-activity revenue models.
Hyperliquid turns trading volume into direct fee capture, showing how derivatives drive blockchain value.
HyperCore's Revenue-Backed Buyback Program Removes 17,075 HYPE Net From Circulation on April 2