Hyperliquid (HYPE) has maintained strong upward momentum within an ascending channel, trading at $81.60 with 1.12% daily gains and 40% weekly gains after retracing to $76. Whale activity has intensified: two whales accumulated 107,090 HYPE worth $8.7 million, while another sold 301,937 HYPE for $24.4 million, netting $5.3 million profit. Spot netflow turned positive at $6.7 million over 24 hours, indicating selling pressure. Technical indicators, including the DMI ADX and RSI, suggest the uptrend remains intact, with bulls targeting a new all-time high above $83.
Hyperliquid (HYPE) continues its bullish trajectory, trading at $81.60 after recovering from a retracement to $76. The altcoin held $78, flipped $80, and reached $83 before a slight pullback, adding 1.12% in the last day and extending weekly gains to 40%.
Whale accumulation is intensifying on the spot market. According to Lookonchain, a whale that had been inactive for two months resumed accumulating HYPE, withdrawing 79,800 HYPE worth $6.5 million from exchanges. That wallet now holds 1.36 million HYPE valued at $95.6 million, with an average purchase price of $70.
A second whale, reported by Onchain Lens, withdrew 27,290 HYPE worth $2.23 million from OKX. This raised its total holdings to 74,810 HYPE, worth $5.33 million. In total, these two whales withdrew 107,090 HYPE worth $8.7 million.
On the sell side, whale activity is equally pronounced. Lookonchain reported that a whale sold all 301,937 HYPE worth $24.4 million, realizing a profit of over $5.3 million. This selling activity suggests profit-taking during the strong uptrend.
Exchange data reflects increased selling pressure. Over the past 24 hours, Hyperliquid’s spot netflow rose to $6.7 million, indicating more selling than buying. Despite this, buying demand is absorbing the seller pressure.
Technical indicators confirm the bullish structure. The DMI ADX Smoothing indicator shows the positive directional index above the negative index, with the ADX line above both, signaling a strong uptrend. The Relative Strength Index holds near overbought territory, further validating the momentum.
Under these conditions, Hyperliquid is likely to reclaim $83 and breach it, setting a new all-time high. For the trend to reverse, HYPE would need to close below $70, an outcome that appears unlikely unless the broader market shifts.
