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HYPE Targets $69 as Whales Double Down and Short Sellers Face Mounting Losses
Hyperliquid is attracting strong bullish attention amid historic price action, with the token now approaching its all-time high. Meanwhile, on-chain data reveals intense accumulation from institutional wallets, signalling further upside potential.
Grayscale Accumulates HYPE
According to analytics platform Lookonchain, two wallets linked to Grayscale Investments acquired 510,387 Hyperliquid tokens worth approximately $24.95 million over the past week before staking them.
Source: X
This accumulation followed Grayscale Investments’s January S-1 filing for a potential Hyperliquid ETF.
The development sparked speculation that institutional demand for the token could continue to increase.
Whales Continue Betting on HYPE
Additional blockchain activity also points to strong confidence among major investors regarding the token’s upside potential.
Blockchain analytics firm Arkham Intelligence reported that wallet “0x85C” recently withdrew $5.72 million worth of Hyperliquid from Bitget before staking the tokens.
The address has now staked approximately $15.33 million in Hyperliquid and is holding more than $3 million in unrealised profits.
Meanwhile, Onchain Lens noted that another whale identified as “0x082” currently holds a 5x leveraged position in Hyperliquid.
The floating profit on that position exceeds $21.4 million as the token price moved above $54.
Analysts See Higher Targets Ahead for HYPE
Market analysts are also becoming increasingly optimistic about Hyperliquid’s price structure.
Analyst Ali Martinez stated that Hyperliquid continues to trade within its ascending channel and identified $59 as the next key upside target.
Notably, this is the same level where Hyperliquid set its all-time high in September 2025.
Traders believe the token could enter a price discovery phase in the $60–$70 range due to continued aggressive buying activity.
Moonrock Capital Founder Regrets Missing the HYPE Rally
The token’s rapid rise has also attracted attention from prominent crypto investors.
In a post on X, Simon Dedic, founder of Moonrock Capital, admitted that he underestimated Hyperliquid’s growth potential.
He noted that it was remarkable to see Hyperliquid performing like a low-cap token despite already reaching a massive valuation.
Dedic added that one of his biggest mistakes in recent years was dismissing Hyperliquid as “just another perpetual DEX” while the token continued outperforming most of the crypto market.
Massive HYPE Short Position Approaches Liquidation
Meanwhile, while the crypto community continues buying Hyperliquid, one prominent trader remains aggressively bearish on the token.
Lookonchain reported that trader “loracle.hl” currently holds nearly $20 million in unrealised losses on a major short position in Hyperliquid but continues increasing the trade.
The trader currently holds a short position of 1.71 million Hyperliquid tokens worth approximately $95.79 million, with a liquidation price near $69.78.
That liquidation level has now become a major price target closely watched by market participants.
Source: X
Conclusion
Overall, Hyperliquid has emerged as one of the best-performing crypto assets in recent weeks, driven by whale accumulation, rising staking activity, leveraged positioning, and growing institutional interest.
See also: "XRP Price Forecast: Polymarket Gives Just 6% Odds of $1.50 This Week as Supertrend Turns Bearish"
