Hyperliquid News Today: HYPE’s Upward Momentum Grows as Both Traders and Institutions Increase Their Positions

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

, reflects rising optimism in the token’s upward momentum, as technical signals and blockchain data point toward a possible breakout.

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

. If prices hold above the current $41–$42 range, analysts at Crypto.News suggest a rally could propel HYPE up by 54% to reach $61.5. This outlook is reinforced by a strong Aroon Up reading (71.4%) and a recovering RSI, both indicating persistent buying interest. Blockchain metrics also show a concentration of short liquidations in this price area, which could fuel further gains if surpassed, as short sellers are forced to cover their positions.

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

. Meanwhile, his HYPE portfolio has been highly dynamic: after selling more than 5,000 tokens earlier in the week, as detailed in another , he swiftly boosted his holdings by 10,000 tokens using 10x leverage. He now controls 60,000 HYPE, with $313,000 in unrealized profits (a 110% gain) and a liquidation threshold at $20.49, according to Lookonchain’s previous updates.

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

. The firm intends to stake its expanding HYPE reserves, now totaling 12.6 million tokens and $305 million in cash, to earn ongoing rewards. This institutional participation, along with rising open interest ($1.97 billion as of October 27) and high on-chain fees ($2 million in 24 hours), points to growing demand, according to .

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.