Hyperliquid News Today: HYPE’s Upward Momentum Grows as Both Traders and Institutions Increase Their Positions
- High-profile trader "Buddy" (Huang Licheng) increased HYPE exposure to $2.83M via 10,000 token purchase at 10x leverage, now holding 60,000 HYPE with 110% unrealized gains. - Technical indicators (Aroon Up 71.4%, RSI rebound) and on-chain short liquidations near $41–$42 suggest potential 54% price surge to $61.5 if resistance is breached. - Institutional buyer Hyperliquid Strategies filed SEC $1B fund to accumulate HYPE, planning to stake 12.6M tokens alongside $305M cash to generate rewards. - Market dy
Bloomberg-style news article:
The cryptocurrency sector is buzzing as prominent trader "Buddy," known as Huang Licheng, has notably increased his long position in Hyperliquid's (HYPE) native token, acquiring an additional 10,000 tokens and raising his total stake to $2.83 million. This development, monitored by HyperInsight and highlighted by
On the 4-hour chart, HYPE is hovering near the top edge of a descending wedge—a technical pattern that often signals a bullish reversal—according to analysis from
Huang’s recent trading activity mirrors broader market trends. Over the last week, he scaled back his ETH long positions between $4,068 and $4,200, cutting exposure by $1 million but still holding $9.26 million in ETH, as reported by
HYPE’s fundamentals are also being strengthened by Hyperliquid Strategies, a digital asset management firm, which recently submitted an SEC filing to raise $1 billion—partly to accumulate HYPE tokens, as reported by
Technical experts believe HYPE could revisit its September 18 peak of $59.46 if it breaks through resistance at $51.15, FXStreet notes. However, a drop below the 50-day EMA at $43.54 could spark renewed short-term volatility. The RSI at 61 and a bullish MACD crossover support the positive outlook, though a correction remains possible.
Traders are paying close attention to Huang’s moves, given his track record with large, leveraged trades. His principal at the address has climbed from $460,000 on October 23 to $1.92 million, indicating a strategy focused on active risk management rather than aggressive speculation, according to Coinotag. At the same time, Hyperliquid’s ecosystem—supported by both retail and institutional investors—seems set for further growth, with Treasury Department HYPE purchases enhancing on-chain liquidity, CoinDesk reports.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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