HYPE reclaims $40 with $8.6M whale buy – Can it break ATH soon?
The post HYPE reclaims $40 with $8.6M whale buy – Can it break ATH soon? appeared on BitcoinEthereumNews.com. Over 200,000 HYPE tokens were acquired from the market, adding fresh liquidity to the system. Futures traders appear to share a common outlook—anticipating a rally for HYPE. Over the past 24 hours, Hyperliquid [HYPE] has maintained its bullish trajectory, gaining 6.58% and reclaiming the $40 level after a brief pullback. Analysis of market sentiment indicates that inflows of liquidity across the broader market could help HYPE revisit its previous all-time high. Here’s how that could unfold: Bullish strength re-emerges as HYPE whale steps in One of HYPE’s most profitable whales has resurfaced in the market within the last 24 hours, seemingly preparing for a significant upside move. Whales—investors known for holding large amounts of liquidity—can influence the market depending on their trading activity. Source: Hypurrscan A whale known for realizing $8.44 million in profits on Hyperliquid has re-entered the market, purchasing 215,850 HYPE tokens worth $8.66 million at the time of writing. This wave of buying appears to have influenced the broader market. According to AMBCrypto, interest among futures investors has increased as positions on the asset rise. Futures traders pile in to buy Retail Futures traders have begun to step in, placing long positions in anticipation of further upside. At the time of writing, HYPE’s Funding Rate on CoinGlass had risen to 0.0084% over the past 24 hours, signaling increased activity. Source: CoinGlass A positive and rising Funding Rate generally implies that buying pressure is outpacing selling in the futures market, as most traders expect continued upward movement. Additionally, market liquidity has increased, with more positions being opened in the past 24 hours. Open Interest—which reflects liquidity based on active contracts—has risen by 4%, now standing at $1.84 billion. Source: CoinGlass This uptick in liquidity, combined with a positive Funding Rate, suggests renewed bullish momentum among market participants. A…
The post HYPE reclaims $40 with $8.6M whale buy – Can it break ATH soon? appeared on BitcoinEthereumNews.com.
Over 200,000 HYPE tokens were acquired from the market, adding fresh liquidity to the system. Futures traders appear to share a common outlook—anticipating a rally for HYPE. Over the past 24 hours, Hyperliquid [HYPE] has maintained its bullish trajectory, gaining 6.58% and reclaiming the $40 level after a brief pullback. Analysis of market sentiment indicates that inflows of liquidity across the broader market could help HYPE revisit its previous all-time high. Here’s how that could unfold: Bullish strength re-emerges as HYPE whale steps in One of HYPE’s most profitable whales has resurfaced in the market within the last 24 hours, seemingly preparing for a significant upside move. Whales—investors known for holding large amounts of liquidity—can influence the market depending on their trading activity. Source: Hypurrscan A whale known for realizing $8.44 million in profits on Hyperliquid has re-entered the market, purchasing 215,850 HYPE tokens worth $8.66 million at the time of writing. This wave of buying appears to have influenced the broader market. According to AMBCrypto, interest among futures investors has increased as positions on the asset rise. Futures traders pile in to buy Retail Futures traders have begun to step in, placing long positions in anticipation of further upside. At the time of writing, HYPE’s Funding Rate on CoinGlass had risen to 0.0084% over the past 24 hours, signaling increased activity. Source: CoinGlass A positive and rising Funding Rate generally implies that buying pressure is outpacing selling in the futures market, as most traders expect continued upward movement. Additionally, market liquidity has increased, with more positions being opened in the past 24 hours. Open Interest—which reflects liquidity based on active contracts—has risen by 4%, now standing at $1.84 billion. Source: CoinGlass This uptick in liquidity, combined with a positive Funding Rate, suggests renewed bullish momentum among market participants. A…
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