Hyperliquid (HYPE)

Why viral public whale liquidations are becoming a real trading signal on Hyperliquid

via @akibablade

https://t.co/JugxPMncO8

$HYPE whales are net short $11.7M.

They're stacking shorts directly into the Assistance Fund's buy-and-burn wall.

$HYPE is currently trading around the $62 region after correcting nearly 18% from its recent high near $77. While short-term momentum has cooled, the broader trend hasn't been invalidated yet.

According to @1winToken Markets, 58% of traders expect $HYPE to finish above $90 by the end of 2026. That shows market sentiment remains optimistic despite the recent pullback.

From a technical perspective, the $59-$60 zone is acting as a major demand area. As long as this level holds, buyers still have a chance to regain control. The first confirmation would be a reclaim of $66, followed by a breakout above $77, which was the last major swing high.

Fundamentally, @HyperliquidX continues to be one of the strongest projects in the perpetual futures space. It has built a loyal user base, consistently ranks among the highest decentralized perpetual exchanges by trading activity, and continues to expand its ecosystem.

Strong protocol usage and growing liquidity remain long-term positives.

In my view, the probabilities currently look like this:

• 60% chance of a bullish recovery if $59-$60 continues to hold.

• 40% chance of further downside if support fails, with the next key zone around $53-$55.

A move to $90-$92 is realistic, but it will likely require improving market sentiment, stronger Bitcoin performance, and confirmation through higher highs on the chart.

The long-term outlook remains constructive, but the next few daily candles around support will be critical in deciding the next major trend.