Hyperliquid price rallied 10% to $39 on Wednesday as reports of a temporary ceasefire in the ongoing U.S.-Iran war eased investor nerves. According to data from crypto.news, Hyperliquid (HYPE) price rose to an intraday high of $39.
The Hyperliquid token experienced a notable climb exceeding 5% throughout the last 24-hour period, positioning itself around $38.28. This upward momentum coincided with a wider cryptocurrency market rebound, as Bitcoin advanced over 4% during the identical timeframe.
BitMEX co-founder Arthur Hayes has revealed that Hyperliquid's HYPE token is currently the only asset he is buying. The comment comes as HYPE posts strong gains, with the token rising around 9% in the past 24 hours and extending its rally this year.
Arthur Hayes, BitMEX co-founder and CIO of family office Maelstrom, is making bold moves in the current crypto market. In an April 8 post on X, Hayes publicly declared that Hyperliquids HYPE token is the only asset his team is actively purchasing right now, reinforcing a bullish stance he has held for some time.
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.