Hyperliquid’s native token, HYPE, is experiencing a surprisingly strong rebound just hours after the platform recorded one of the largest liquidation events in cryptocurrency history.
Related reading
according to Coinglass dataA massive $96.5 million BTC-USD perpetual contract liquidation hit Hyperliquid late Monday, part of a widespread market purge that wiped out more than 164,000 traders and sparked $814 million in total liquidations across exchanges.
HYPE's price records some gains on the daily chart. Source: HYPEUSD on Tradingview
Despite the carnage, Hyperliquid price rose 6% over the past 24 hours, moving back above $41 on Tuesday and continuing the rebound that began after defending the critical $36.51 support level last week.
Accumulation of whales, higher OI, and enhanced on-chain metrics
A wave of bullish catalysts is supporting Hypeliquid’s price recovery. CryptoQuant data shows an increase in whale activity, with large wallets steadily accumulating during the recent declines. Exchange outflows have increased, large active addresses are expanding, and the average transaction size continues to rise.
On the derivatives side, sentiment has clearly reversed. Coinglass reported that HYPE’s weighted funding rate turned positive, reaching 0.026%, indicating that long-term traders are now pushing short positions, an indicator of bullish conviction.
Open interest also rose from $1.52 billion to $1.71 billion, indicating new capital entering the market and strengthening upward momentum. Across pairs, HYPE is outperforming major currencies including BTC, ETH, SOL, and BNB, with analysts pointing to strong higher and lower structures developing on multiple charts.
This relative strength suggests that capital turnover is leaning toward Hyperliquid even as the broader cryptocurrency market slows.
The technical structure points to a super liquid price breakout target of $48-$54
Technically, it is Excessive fluid price The price is consolidating within a symmetrical triangle, where the price is squeezed between upward support and downward resistance. Each stress cycle produced higher lows, which is evidence that buyers are quietly gaining control.
Momentum indicators reflect this shift. The RSI has risen to 48 and is trending higher towards neutral territory, while the MACD histogram bars are shrinking, indicating the bearish pressure is fading.
If Hyperliquid price breaks the $40-41 diagonal resistance level, analysts see a clear path towards the $44.48 region. A confirmed breakout of the symmetrical triangle could open the door to medium-term targets at $48 and $54, in line with the expectations of several market analysts tracking the ongoing consolidation.
Related reading
With whale accumulation rising, market structure tightening, and community sentiment strongly bullish, HYPE stands out as one of the few assets maintaining consistent strength during a period of market-wide uncertainty.
Cover image from ChatGPT, HYPEUSD chart from Tradingview
The post Hyperliquid Price Rebounds After $96M Liquidation Shock first appeared on Investorempires.com.
