The post Hyperliquid Price Reversal, Will Bears Drag HYPE Down to $35? appeared first on Coinpedia Fintech News
The past week has felt like a rollercoaster for Hyperliquid, as extreme whale activity and heavy liquidations left many investors battered. Most notably, a high-profile trader opened a huge $496M Bitcoin short directly on Hyperliquid’s platform. Thereby, sparking fears that another wave of liquidations could hit the market at any moment.
Successively, this comes fresh on the backdrop of Friday’s dramatic $19 billion liquidation event. Let’s dive into what recent movements mean, and the price levels to watch if you’re riding this volatility.
Hyperliquid Price Analysis
Over the last 24 hours, HYPE’s price tumbled by 8% to $38.57, aggravating a 16.33% weekly loss. With market cap now at $12.98B, and trading volume up 4.22% to $837.58M, it’s clear that panic selling and algorithmic trades are dominating flows. This elevated volume usually signals cap
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