HYPE Price Breakout Ignites Rally Talk Toward $170 Target
Whale traders have taken their most aggressive net-long positions in eight months on Hyperliquid’s HYPE token, even as retail participants sit at a 12-month bearish extreme — a gap that data suggests typically resolves in favor of the larger players. Related Reading: When Bitcoin Gets Ignored, It Tends To Rally The Hardest, Analyst Says Retail Traders Stand Back As Big Money Moves In Data from Alphractal shows that since early May, large traders have been quietly building leveraged long positions while retail participants turned bearish and began short selling into the rising trend. That kind of split has historically triggered a wave of short covering by retail traders, pushing prices higher. HYPE was trading at $62.05 at the time of reporting, with a 24-hour trading volume of $830 million and a market cap of over $15 billion. The token slipped 2% over the past day, but its technical picture has stayed firmly bullish. Prices are tracking well above the 20-day simple moving average of