Altai the Tiger
IGNITION
streamoors
NEAR Protocol
Sui
Ethereum
Pudgy Penguins
Key Insights:
- 2 wallets linked to a single entity have again deposited $16.51M into HyperLiquid. This opened a HYPE long position with 5x leverage.
- HYPE leads On-chain Derivatives Trading Volume Across 15 Major Chains in the past 24 hours. This doubled its trading volume, firmly maintaining its dominant position and outperforming Ethereum by nearly 4x.
- Will HYPE live up to Ansem’s view that it will be the only performing spot to hold despite volatility?
Hyperliquid crypto trend has been bullish recently. However, the supply zone position should be approached carefully. The bullishness of HYPE came from the whale acquisition. This heightened trading volume of derivatives, and KOL’s view on spot holdings.
Hyperliquid Crypto Whales Going Long With Leverage
Two linked wallets opened new long positions on the Hyperliquid crypto. Together, they invested over $16.5 Million. Previously, the whale lost a total of $5.6M.
The first wallet placed a $12.9 Million bet on 320,000 HYPE at 5x leverage. It currently shows an unrealized gain of $181,000.
The second wallet entered with $6.9 Million for 172,237 HYPE at the same leverage. It has made an unrealized profit of $41,500. Both positions were initiated at a price slightly above $40.
The whale had lost more than $5.6 Million in total before this step. Despite this, it appeared that it did not lose faith in the upside of HYPE.
The activity of the wallet corresponded to complete directional bias on long exposure. The trades indicated this was a hostile bet on the further price rise in Hyperliquid crypto.
Though the returns at present were modest, the amount of capital invested depicts high conviction. Whether this was a rebounding strategic action or another risk game was unclear. However, these actions are noticed in the markets where leverage is the key driver.
HYPE Leading On-chain Derivatives Trading Volume
On-chain derivatives trading volumes across 15 major chains highlighted the dominance of Hyperliquid crypto. The platform recorded an astonishing level of trading activity. This exceeded the results of ETH by almost 4x, as there was a wireless volume of $3.857 Billion.
The sharp rise brought more capital into the Hyperliquid ecosystem. This surge happened even as broader market trends remained uncertain.
Ethereum followed with a strong recovery in trading volume. BNB Chain also saw a 20–30% rebound, hinting at growing institutional interest.
Solana, Arbitrum, and Base kept up well in the middle ranks, with Base getting as high as $198.44 Million. In the meantime, the dYdX raised its volume by a significant 74%.
Cronos and Sui Network rose by more than 50% in trading volume. On the negative side, Injective registered a decline in trading volume by 18.4%. This became a single chain to record a loss.
Meanwhile, the day-to-day inflation of HYPE tokens remained at $4.76k. It could be up to $142.8k and $1.71M monthly and annually, respectively.
Ansem Backs Hyperliquid Crypto Amid Volatility and Key Price Test
Ansem expressed strong confidence in spot Hyperliquid crypto as the top contender. He acknowledged its extreme volatility. According to him, HYPE could swing 20% in either direction overnight. He emphasized that clarity often comes only in hindsight.
This was in line with a market atmosphere. It conveyed a strong belief that perseverance could be better than accurate trades. Hyperliquid crypto tested a major supply area ranging from $40 to $42 on the chart.
This zone has already caused countertrends before. Also, a clear breakout above could cause an upward swing, and HYPE might see price discovery.
Failing to hold this level could trigger a drop to the mid-support around 36. If that breaks, the price might test the weaker demand zone near 27.25.
Hyperliquid crypto price has consistently bounced off the $30 level, indicating buyers were interested in that level. In case the Bulls maintain the trend, the position of Ansem could have more credibility, yet time will show.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
