HYPE | Crypto

Hyperliquid's HYPE crashed by almost 10% today. Let's examine some of the possible technical reasons behind it.

Bitcoin briefly lost the $75,000 level after net flows into spot BTC ETFs turned negative. Do technical charts point to a BTC and altcoin recovery? Key points: Bitcoin (BTC) fell below $75,000 on Wednesday, indicating that the bears are slowly taking charge of the crypto market. Institutional investors seem to be on a selling spree, with BTC exchange-traded funds recording net outflows of $1.88 billion since May 15, per Farside Investors' data. Glassnode said in a post on X that persistent net outflows from BTC ETFs on nearly every trading day since May 7 add “to the supply side without a visible demand offset.” BTC’s weakness has sent it tumbling below its long-term valuation average, according to Bitwise. The asset management firm said in a recent report that in the past, only 36% of BTC’s market-value-to-realized-value (MVRV) readings were lower than the current level of 1.42. In comparison, roughly 99% of historical Nasdaq-100 price-to-book ratios were below their present levels, signaling the widest valu...

HYPE reached new highs above $65 following record ETF inflows, futures participation and trading volumes at Hyperliquid exchange. Is $100 next? Hyperliquid’s native token HYPE continues to rally, possibly targeting $100 as its next all-time high, as inflows to its exchange-traded funds highlight investor demand.  Inflows into the HYPE ETFs reached $89 million over the past nine days, which is equivalent to nearly $9.2 million in daily buying pressure.  The combined assets under management (AUM) across Bitwise’s BHYP and 21Shares’s THYP climbed to $89 million within days of launch, giving HYPE one of the fastest ETF accumulation curves among crypto investment products. Read more

Bitcoin’s weekend bounce shows strong demand at lower levels, but holding $78,000 may remain a challenge for the bulls. Key points: Bitcoin (BTC) bounced on Saturday following US President Donald Trump’s announcement in a post on his Truth Social platform that negotiations between the US and Iran were “proceeding in an orderly and constructive manner.” Buyers extended the recovery on Monday and are attempting to sustain above $77,500. The uncertainty of the past few days has resulted in $1.55 billion in net outflows from the US BTC exchange-traded funds. Crypto sentiment platform Santiment said in a report on Friday that sharp outflows from BTC ETFs indicate retail capitulation, which has “historically correlated with conditions favorable for patient accumulation” for long-term holders rather than panic.  Read more

Bitcoin and Ethereum ETF outflows have accelerated, with institutional investors pulling nearly $2.7 billion from spot Bitcoin and Ethereum exchange-traded funds over the past two weeks. However, rather than signaling a broad exit from digital assets, market data reveal a historic divergence, with these allocators simultaneously rotating into newly launched alternative cryptocurrency funds like Solana, […] The post Bitcoin and Ethereum ETF outflows expose rotation into HYPE, XRP and Solana appeared first on CryptoSlate.

Investors turn to HYPE and XRP funds while dumping bitcoin and ether ETFs.

While major cryptocurrencies remain mired in a prolonged slump, the native token of the decentralized exchange Hyperliquid has surged to a record high. Data from CryptoSlate showed that HYPE crossed $60 for the first time, reaching as high as $62. This marks a 120% year-to-date gain and propels its market capitalization above $15 billion. This comes […] The post HYPE’s path to $100 runs through Hyperliquid becoming crypto’s on-chain Wall Street platform appeared first on CryptoSlate.

Bitcoin sold off to $76,000, giving bears an opportunity to reclaim control of the crypto market. Meanwhile, altcoins like HYPE charted new highs. Key points: Bitcoin (BTC) has dipped below $77,000, indicating that the bears are attempting to seize control. Glassnode said the true market mean at $78,300 has historically acted as a dividing line between bear and bull market regimes. If the price breaks sharply below the level, it suggests that the recent rally may have been a “local top within the ongoing bear market.” Institutional investors seem to be selling, as evidenced by the sharp decline in the Coinbase premium over the past few days. LVRG research director Nick Ruck told Cointelegraph that the decline of the Coinbase premium signals selling from large holders, which “could weigh on near-term price momentum across major crypto assets.” Read more

HYPE’s rally is flashing exhaustion near its record-high resistance, raising the risk of a 20% pullback toward the $51.5–$45 support zone. A Hyperliquid (HYPE) whale is refusing to close a massive short position even as the token’s rally leaves the trader sitting on more than $22 million in unrealized losses. Key takeaways: As of Thursday, the wallet '0x8ef...' held a 5x cross-margin short on 1.80 million HYPE, worth about $102.98 million, with an entry price near $44.96, according to HypurrScan data. Read more

Bitcoin and ether stabilized as derivatives activity rebounded, HYPE rose for a fifth straight day and options traders positioned for a breakout.

Bitcoin looks on track for a rally toward $80,000 while HYPE, ZEC and a handful of altcoins are pushing toward their range highs. Key points: Bitcoin (BTC) has risen above $77,500, but the recovery is expected to face resistance in the $78,500-$82,000 range. The net outflows of $979.7 million from spot BTC exchange-traded funds this week, according to Fireside Investors data, suggest that investors have turned cautious in the near term. Crypto analyst Ardi said in a post on X that the next retest of the $74,000 to $75,000 zone may be the most important test of this entire bear market. The zone is important because it acted as stiff resistance in 2024 and then flipped into support during the retest in 2025. A break below the support zone may “expose the market to a much deeper rotation back toward the bear market lows.” Read more

Bitwise’s Matt Hougan says Hyperliquid’s token is not priced as if it is tied to a “global super-app,” arguing the platform is more than just a crypto platform. Crypto asset manager Bitwise has called Hyperliquid “one of the most mispriced assets in crypto today,” despite its outperformance so far this year. “Hyperliquid is one of the most important crypto projects to emerge in years,” Bitwise investment chief Matt Hougan said in a note on Tuesday.  “Its native token, HYPE, is the best-performing large-cap crypto asset of 2026, up 77% YTD [year to date]. And yet I still think investors are underestimating its impact and its value.” Read more

Bitcoin dropped to the crucial $76,000 support level while large-cap altcoins sold off sharply. Do technical charts suggest that traders will buy the dip? Key points: Bitcoin (BTC) came under pressure on Monday after US President Donald Trump warned Iran that the “clock is ticking” and they better get moving fast. Analyst CryptoRover said in a post on X that a potential US military operation against Iran “is extremely dangerous for $BTC.” Institutional investors also seem to be turning cautious in the short term. According to SoSoValue data, spot BTC exchange-traded funds recorded $1 billion in weekly net outflows. That was the first net outflow after six successive weeks of inflows totaling $3.4 billion. Read more

A bullish long-term chart pattern puts HYPE on track for a potential rally above $70 this year, with a16z-linked accumulation and fresh institutional catalysts strengthening the case. Hyperliquid DEX's native token, HYPE, is showing potential for a 55% rally after a wallet reportedly tied to Silicon Valley-based venture capitalist, a16z, accumulated $90.87 million worth of tokens in just over a month. Key takeaways: HYPE appears to be forming a cup-and-handle pattern, a classic bullish continuation setup. Read more

Sellers have pulled Bitcoin back below the $79,000 level, but buying may emerge as the price nears the $76,000 support. Key points: Bitcoin’s (BTC) recovery above $82,000 on Thursday was short-lived, as bears sold at higher levels and pulled the price back to the $79,000 level. Glassnode said in its Week On-chain report that several investors bought BTC between November 2025 and February near the $86,900 level. These holders may sell near their entry price after experiencing large drawdowns, creating a barrier for BTC’s continued rally. Another negative view came from crypto analytics firm CryptoQuant, which said in a recent report that BTC has hit its major resistance at the 200-day moving average near $82,400. In 2022, BTC had resumed its downtrend after failing to cross above the 200-day SMA. BTC may get into trouble if history repeats itself. Read more

The launch comes only days after another HYPE ETF, 21Shares' THYP, started trading, racking up $1.8M on its debut.

Fresh US ETF launches and Coinbase’s Hyperliquid deal helped fuel HYPE’s rally this week, but technicals warn of a possible pullback. HYPE, the native token of decentralized exchange Hyperliquid, jumped more than 23% in the past 24 hours, climbing toward $47 on Friday to hit its highest level since October 2025. HYPE/USDT daily chart. Source: TradingView Read more

Coinbase and Circle's commitment to Hyperliquid's AQAv2 upgrade sent HYPE up to roughly $45 on May 14, a deal that makes USDC the platform's aligned quote asset and directs the vast majority of reserve-yield revenue back to the protocol. The rally reflected traders reading the announcement as institutional validation of the protocol-aligned stablecoin model pioneered […] The post HYPE jumps as Coinbase and Circle back Hyperliquid’s stablecoin model appeared first on CryptoSlate.

Bitcoin’s pullback is expected to find support near $79,000, but every recovery attempt is likely to be sold into. Key points: Bitcoin (BTC) extended its pullback on Wednesday and slipped below the $80,000 level. However, analysts remain optimistic about BTC’s prospects in the near term. Analyst CRG said in a post on X that BTC did not break above the Ichimoku cloud even once during the previous bear market, and when it did, a new bull market started. Interestingly, BTC has risen comfortably above the Ichimoku cloud, weakening the comparison with the previous bear market cycle. Read more

Bitcoin looks set for another blockbuster week, but potential resistance at $84,000 could complicate the rally. Will altcoin consolidation continue? Key points: Bitcoin (BTC) has pulled back at the start of the week, but the bulls are trying to maintain the price above $81,500. Crypto sentiment platform Santiment said in a recent report that the current ratio of bullish to bearish comments on social media is 1.5:1. That suggests the current up move may not have much legs, as rallies supported by a confident crowd tend to fizzle out faster than those amid growing skepticism. A negative sign for BTC is that it is facing rejection at the 200-day exponential moving average ($82,039). Since November 2025, every rejection at the 200-day EMA has been followed by sharp drawdowns of between 25% and 36%. If history repeats itself, BTC may see a 30% drawdown toward $56,000. Read more